Yes. Several new memory fabs are expected to come online in 2028, one in late 2027:

https://manufacturing.economictimes.indiatimes.com/news/hi-t...

So I guess the price should come down substantially in about two years.

(Except if the data center demand keeps growing to eat up that increased supply. But at that point the bottleneck might shift somewhere else, e.g. to TSMC and processor manufacturing.)

They're already producing as much as possible.

Building a modern chip fab takes many years, and no one seems ready to take the plunge yet. The existing suppliers are happy to just keep raising prices instead.

Suppliers have ceased to exist in the past decades for building up fabs to satisfy demand and by the time they went online prices cratered. I’d assume is even riskier and more expensive now.