NAND Flash Market Bulletin - Jul. 30, 2025

Last Modified

2025-07-30

Update Frequency

Weekly

Format

PDF

US tariff measures dampen market sentiment; contract price talks extend to late Q3. SK hynix's strong Q2 results driven by AI and SSD demand, but NAND pricing remains pressured. Inventory and demand likely to stabilize in 2H25, limiting upside for price recovery.

Key Highlights

New US tariffs exceed expectations, raising costs and suppressing end demand; cautious market outlook for the second half.
Spot market remains sluggish, but some suppliers are tentatively lifting prices ahead of possible Q3 contract hikes.
SK hynix Q2 performance boosted by robust AI server and China smartphone demand, leading to higher memory shipments and record profits.
NAND Flash pricing pressured by oversupply; companies rely on mild price reductions to move inventory.
Outlook for Q3 and H2 centers on enterprise SSD and high-capacity product growth, but broader demand recovery is limited and price rebound prospects are modest.
Production cuts show effect, inventory normalized, and capital spending targets advanced technologies and high-density storage.
With China's subsidies and US tariff effects waning, the market is expected to stabilize in the coming months.