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Chinese Manufacturer Asgard to Launch DDR5 128 GB, 5,600 MHz Sticks As Early as 2022

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You are mixing cause and effect. A spec is a temporary compromise between manufacturers. The spec are so shitty because they can only make these shitty timings at presumed launch time. Not they make shitty timings because of the spec.
Spec is dictated by JEDEC, it's not "a temporary compromise between manufacturers", and even the sticks that don't adhere to spec when run at "full speed" actually default to DDR4-2133 at JEDEC spec latencies.
 
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All the memory you buys where designed to meet the JEDEC spec but they are binned to high end memory stick.

So if they aim these spec, some of the chip will be able to be binned to faster memory (either higher clock or higher speed). That's it. At first yields might be lower so there won't be much hi speed DDR5 but that can change quickly.

The memory cell itself remain the same technology and will probably able to run as fast as they do currently.
 
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Spec is dictated by JEDEC, it's not "a temporary compromise between manufacturers", and even the sticks that don't adhere to spec when run at "full speed" actually default to DDR4-2133 at JEDEC spec latencies.
JEDEC is not a government entity like US FDA or FCC. JEDEC is a board of memory manufacturers, CPU/MCU manufacturers, mobo manufacturers, and server manufacturers. They empower JEDEC not the reverse. If they don't settle on some agreement, they there won't be a JEDEC standard to begin with. Partly the reason why DDR5's rollout went through so much pain and LPDDR5's was swift and fast.
 
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