NAND price rally enters plateau as supply stays tight despite weaker spot demand

The NAND flash price, after a period of rapid increase, appears to have entered a plateau. Technologically, this will push downstream manufacturers to accelerate the development of more cost-effective storage solutions, such as QLC technology, in response to high costs. Meanwhile, upstream material and equipment suppliers may face reduced order volumes and need to explore new growth areas. In terms of compliance, the global semiconductor supply chain is under increasing scrutiny, especially with new regulations from the US and EU, requiring companies to strengthen internal control systems to ensure supply chain security and stability. On the market front, major players like Samsung and SK Hynix in South Korea might increase capital investments to expand capacity and solidify their market share, while Taiwan, China's manufacturers are likely to focus on innovation to enhance product value. Looking ahead 12-24 months, prices are expected to remain relatively stable in the short term, but in the long run, as new production lines come online and technology advances, the supply-demand balance is anticipated to gradually normalize.