Shulou(Shulou.com)11/24 Report--

Thanks to CTOnews.com netizen OC_Formula for the clue delivery! CTOnews.com October 11 news, according to DigiTimes, CEO Pan Jiancheng, a consortium of flash memory control chip providers, said that the market price of NAND flash memory has been lower than the cash cost, indicating that it is not far from the bottom of the market price.

Pan Jiancheng said that it can be predicted that the price of NAND flash memory will soon reach the lowest point and can only rise in the future. At the same time, however, it also means that demand has fallen sharply recently, putting manufacturers at risk. They now either sell products at low prices to cover at least part of the cost, or accept losses from inventory.

CTOnews.com learned that TrendForce Ji Bang Consulting recently released a report that NAND flash memory is currently in oversupply. In the second half of the year, buyers focus on eliminating inventory and significantly reduce purchase volume, and sellers offer broken prices to consolidate orders, resulting in a 30% wafer price drop of 35% in the third quarter, but all kinds of NAND Flash terminal products are still weak. As a result, factory inventory has risen rapidly, resulting in a sharp increase in NAND Flash price decline to 15% in the fourth quarter.

Pan Jiancheng believes that the situation in the storage market should recover soon, and the worst effects of inflation and other macroeconomic problems will end in the foreseeable future. However, it is still beneficial to consumers in a short time, and products can be bought at a lower price.

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