NAND Flash Market Bulletin - Sep. 24, 2025

Last Modified

2025-09-24

Update Frequency

Weekly

Format

PDF

AI demand boosts storage; HDD scarcity shifts orders to enterprise SSDs, strengthening NAND Flash market sentiment. Supplier inventories are healthy, projecting widespread 4Q25 contract and spot price hikes.

Key Highlights

Contract & Spot Markets: AI-driven storage demand and HDD shortages are redirecting orders to enterprise QLC SSDs, leading to strong market sentiment and projected widespread 4Q25 price increases.
NAND Flash Supplier Inventories: Suppliers have reduced inventories to near-healthy levels, driven by prior depletion and consistent enterprise SSD procurement, with further reduction expected.
Buyer Inventories: Hyperscalers show robust AI server demand, intensified by HDD scarcity (especially in North America). PC OEMs and module houses maintain stable to slightly elevated stock, while smartphone brands experience minor increases due to policy shifts and LPDDR4X limitations.