A 10% rise appears to be the industry consensus as Nand Giants prepares to raise prices. In particular, reports from Technews and Mydrivers suggest that Micron is targeting an 11% increase.
The report shows that Micron’s price hikes link to a January outage at its Singapore factory, bringing in increased supply. According to Forbes, the majority of Micron’s NAND memory is produced in Singapore.
Before Micron, Sandisk has announced plans to raise prices by more than 10% starting April 1. Meanwhile, Mydrivers reports that YMTC, China’s largest NAND manufacturer, is also planning to raise prices next month. The exact percentage remains unknown, but the report suggests it could exceed 10%.
Moreover, Korean memory giants like Samsung and SK Hynix may not be far behind as industry sources show they are preparing to raise prices for Nand Wayha next month.
A report from Technews notes that to counter the oversupply, Micron, Samsung, SK Hynix and Kioxia resumed production cuts in late 2024 to curb the decline in NAND prices. Though less dramatic than previous cuts, the move will help stabilize the balance of supply and demand, the report adds.
Trendforce expects the balance of supply and demand will improve significantly later this year. Key factors that contribute to this shift include aggressive production cuts, reduced inventory in the smartphone sector, and the increased demand driven by AI and DeepSeek applications, highlighted by Trendforce.
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(Photo credit: Micron)
Please note that this article quotes information from Technology, myDrivers and Forbes.
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