Dixon Technologies Shares Fall Over 3% Amid Surge in Global Memory Prices

Shares of Dixon Technologies traded more than 3% lower on February 23 as rising global memory prices heightened concerns about margin pressure in the smartphone supply chain. The drop comes at a time when key memory components have witnessed steep inflation driven by supply constraints and strengthening demand for AI‑grade chips.

Industry data shows a sharp rise in DRAM, LPDDR and NAND prices, which could significantly impact device manufacturers in India. Market participants noted that the domestic ecosystem remains vulnerable due to high dependence on imported components.

Surge In DRAM Prices Drives Industry Caution

A sharp jump in Dynamic Random Access Memory (DRAM) prices has contributed to concerns across the electronics manufacturing sector. DRAM spot prices as of February 13, 2026, were up 6.8x year‑on‑year, indicating substantial tightening in supply conditions.

Average mobile DRAM prices for LPDDR4 and LPDDR5 in Q1CY26 have risen 55% and 64% quarter‑on‑quarter, respectively. The magnitude of these increases has prompted caution among manufacturers and component suppliers due to the potential impact on input costs.

TrendForce Projects Steeper Price Rises Ahead

According to TrendForce, mobile DRAM prices are projected to increase 88–93% in Q1CY26, with an additional 20–25% rise expected in Q2CY26. These forecasts reflect a continued imbalance between supply and demand as memory makers prioritise higher‑margin product segments.

The tightening availability of DRAM is also influenced by strong demand linked to AI‑driven devices and servers, which has diverted supply from consumer electronics. Manufacturers in emerging markets, including India, remain exposed to these global supply shifts.

Impact On India’s Smartphone Market

Morgan Stanley highlighted that nearly 75% of India’s smartphone market is priced below $300, a segment highly sensitive to component price inflation. Higher memory prices could increase overall bill of materials (BoM) costs, affecting price stability in the value and mid‑range smartphone categories.

India’s dependence on imported memory modules further amplifies the impact of global cost pressures. As manufacturers allocate limited supplies to premium and AI‑capable devices, entry‑level and mass‑market segments may face supply constraints.

Dixon Technologies Share Price Performance

On February 23, 2026, Dixon Technologies share price opened at ₹11,100.00, compared to the previous close of ₹11,072.00. During the session, as of 2:46 PM IST, the stock had touched a high of ₹11,130.00 and a low of ₹10,624.00, and was trading at ₹10,630.00, down by 3.99%.

The stock recorded a traded volume of 4.94 lakh shares and a traded value of ₹532.57 crore on the NSE. The market capitalisation stood at ₹64,632.41 crore.

Read More: India’s Chip Design Ecosystem Strengthens.

Conclusion

Dixon Technologies’ share decline on February 23 follows significant increases in global memory prices affecting the smartphone ecosystem. DRAM, LPDDR and NAND prices have surged sharply, placing upward pressure on input costs at a time when the industry remains highly price‑sensitive.

India’s smartphone market, dominated by sub‑$300 devices, faces particular challenges due to rising component prices and reliance on imports. Memory inflation and supply prioritisation toward AI‑grade components remain key variables to watch in the coming quarters.

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