NAND Flash Market Bulletin - Jul. 9, 2025

Last Modified

2025-07-09

Update Frequency

Weekly

Format

PDF

Contract prices for NAND Flash rise on strong enterprise SSD demand; most segments see significant inventory reduction. Spot market remains sluggish as buyers await US-China policy direction.

Key Highlights

NVIDIA's new chips drive enterprise SSD demand, lifting contract NAND Flash prices.
Spot market lacks momentum due to high prices, fading China support, and post-sales lull; buyers await US tariff guidance.
Suppliers and module makers see notable 2Q25 inventory drops from Chinese subsidies and US tariff pre-stocking.
PC OEMs deplete inventory aggressively on subsidies, but tight supply and tariff uncertainty lead to divergent stocking.
US hyperscalers cut inventory after Blackwell shipments; Chinese peers seek substitutes after bans, inventory level remains unchanged.
Smartphone sector benefits from subsidies, but cautious stocking persists due to weak global demand and tight LPDDR supply.