[South Korea's Single-Layer NAND Product Average Price Rose 35% Month-on-Month in July, Hitting a Record High] DeepTech TechFlow reports on August 3rd, citing a report from the Financial Associated Press, that South Korean industry data shows the average prices of traditional Dynamic Random Access Memory (DRAM) and NAND flash memory products reached a monthly record high in July, driven by strong demand for Artificial Intelligence (AI). According to data from industry tracking agency DRAMeXchange, the average fixed contract price for benchmark DRAM products for PCs rose 14.3% from the previous month to $24, marking the highest level since the tracker began compiling data in June 2016. The data also shows that NAND flash memory prices continued to rise, with the average price of benchmark products surpassing the $30 threshold last month. Single-layer NAND products saw a significant increase, with their average selling price rising 35% month-on-month, as memory suppliers prioritized production capacity for high-layer 3D NAND and advanced manufacturing processes to meet AI-related demand.