> This will drive an overdue increase in memory size of phones and laptops.
DRAM costs are still skyrocketing, so no, I don't think so. It's more likely that we'll bring back wear-resistant persistent memory as formerly seen with Intel Optane.
Standard pig cycle in economics. Production capacity eventually goes up to meet demand and prices come down again. RAM has been going through cycles like this for decades. People seem to have no memory whatsoever of previous cycles every time it happens. Just wait a few years for it to become cheap again.