NAND Flash prices are poised to rebound

On March 4, SemiMedia reported that the NAND flash market is seeing a price rebound after a prolonged downturn, driven by production cuts from major suppliers and rising AI-related demand. While NAND prices had been declining continuously since the second half of 2024, they began to recover in January 2025.

As of February 28, the price of 128Gb MLC NAND flash rose to $2.29, marking a 5.29% month-on-month increase. This rebound stems from reduced supply by Samsung, SK Hynix, Micron, and Kioxia, coupled with subsidies in China that spurred smartphone sales and accelerated inventory drawdowns.

Analysts project that NAND prices will continue rising in the second quarter of 2025, as smartphone brands are expected to stockpile inventory, while increased shipments of Nvidia’s AI chips will further drive demand growth.