Total NAND Flash Revenue Rose by Just 4.8% QoQ for 3Q24, as Enterprise SSD Orders Showed Increases in Volume and Price but Demand Has Yet to Recover for Consumer Storage Solutions

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2024-11-22

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TrendForce reports that the NAND Flash industry revenue grew by just 4.8% QoQ in 3Q24, as strong enterprise SSD demand drove significant price increases, but consumer storage demand remained weak. The NAND Flash market is expected to decline by 5-10% QoQ in Q4, shifting towards oversupply. Major suppliers like Samsung, SK hynix, Kioxia, and Micron are adjusting capacity plans and product strategies to address weakening demand and pricing pressure.

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Category: Semiconductors

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