Some NAND flash memory corporations, including SanDisk, have begun to raise prices, leading to the analysis that the NAND market, which has been unable to escape declining prices due to oversupply, is bottoming out.
According to industry sources on the 10th, NAND has shown a price trend due to oversupply and a slowdown in IT demand. Market research firm TrendForce predicts that the average transaction price for NAND will fall by 13% to 18% in the first quarter and will drop an additional 5% in the second quarter.
However, some analyses suggest that the market may have bottomed out as corporations like SanDisk announced price increases. SanDisk stated that it plans to raise the prices of all NAND products by more than 10% starting April 1. SanDisk is a flash memory-based storage company acquired by the U.S. storage firm Western Digital in 2016 and has recently been reorganized.
SanDisk noted that "the supply and demand situation in the memory industry is improving, and demand is expected to exceed supply soon" and added, "We anticipate further price increases in the next quarter."
In the industry, there are forecasts that the recovery of the NAND market will gain momentum starting in the second half of the year, influenced by global NAND corporations implementing production cuts. TrendForce conveyed that "the conditions of the NAND market appear to be nearing the bottom" and said, "The balance of supply and demand in the market could improve significantly in the second half of this year."