NAND Flash Wafer Contract Price Nov. 2025

Last Modified

2025-11-28

Update Frequency

Monthly

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PDF

Due to tight supply and strong AI and enterprise SSD demand, NAND Flash wafer prices surged in November. Contract prices for some products rose significantly, with the uptrend likely to continue into December as enterprise demand dominates, despite limited consumer recovery.

Key Highlights

In November, NAND Flash wafer supply tightened further on strong AI and enterprise SSD demand.
Manufacturers prioritized enterprise/high-end products, restricting supply for other segments.
Mainstream wafer contract prices rose sharply; certain high-capacity products saw steep month-on-month price hikes, affecting all capacities.
TLC products, especially 1Tb and 512Gb, saw substantial price increases due to process shifts and demand; 256Gb also trended higher.
QLC 1Tb prices surged on data center and cold-storage demand.
MLC prices continued rising, supported by industrial/consumer demand.
Strong supplier pricing power and tight supply suggest price increases will persist into December; weak consumer demand recovery cannot offset the ongoing imbalance.