Samsung to Hike NAND Flash Values Massively Next Month
It has been stated that Samsung Electronics intends to implement a significant price increase for NAND flash, which might fall somewhere in the neighborhood of double digits and would apply to all of their goods.
As the Korean giant searches for new ways to combat the declining industry, prices for Samsung NAND Flash products, including solid-state drives (SSDs), are going to skyrocket.
We are all aware that 2023 will go down in history as the year when the DRAM industry has its worst quarters ever, which will result in a huge drop in demand from the market. According to insiders in the semiconductor business, Samsung Electronics has seen a precipitous forty percent drop in wafer manufacturing since the beginning of the year.
This was an early response by the company to fight the problem. On the other hand, things have begun to take a turn for the better in terms of sales, and Samsung is now attempting to capitalize on the best of what’s happening.
According to Business Korea, the DRAM sector is now enjoying an economic comeback. This is reportedly happening as a result of an increase in demand from server firms brought about by the continued growth in AI advances. The situation for consumers, on the other hand, is not looking very promising.
Beginning at the beginning of the next month, Samsung Electronics intends to implement a price increase of 10%. This might have a negative impact on the pricing of consumer storage; hence, now could be a good time to get an NVMe if you are in the market for one.
If we consider Samsung Electronics’ present market share, we can see that they possess the majority of it, leaving behind competitors like as SK Hynix and Micron. This increase in the price of NAND flash will also be put into place by other key players, which justifies the fact that things could take an upturn on the consumer side when it comes to the pricing of NAND-based products such as SSDs and NVMe.
Decisions made by the Korean giant are ultimately implemented by the whole industry.
Although Samsung has been making persistent efforts to cut output, it seems that these efforts are not succeeding in either direction. The only way that things may possibly turn out for the better is if a price increase is implemented; nevertheless, this may also have an effect on consumer prices.
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