A looming 32% reciprocal tariff from the US on Taiwan is set to reverberate through the memory module industry, with consumer electronics demand likely to bear the brunt. Industry insiders report that US distributors, constrained by lean inventories and depleted low-cost stockpiles, are scrambling to shore up supplies. Upstream memory manufacturers continue to push for price hikes, but the looming tariff costs may precipitate a decline in overall demand, potentially upending the anticipated supply constraints in the latter half of the year.