NAND Flash Market Bulletin - Sep. 17, 2025

Last Modified

2025-09-17

Update Frequency

Weekly

Format

PDF

The NAND Flash market is reversing upwards, fueled by HDD shortages driving robust enterprise QLC SSD demand. Contract and spot prices are climbing. Suppliers prioritize QLC output and process upgrades, expecting sustained price increases from 4Q25 through 3Q26 due to anticipated supply tightness.

Key Highlights

NAND Flash prices are reversing upwards, driven by robust enterprise QLC SSD demand from data centers.
Prolonged HDD shortages accelerate the shift to high-capacity Nearline QLC SSDs, acting as the primary market driver.
Suppliers prioritize QLC output via process upgrades and capacity adjustments, largely avoiding new fab expansions (YMTC excepted).
Prices are forecast to rise from 4Q25 through 3Q26, as demand growth is anticipated to slightly exceed supply, creating mild tightness.