Surge in NAND flash price; suppliers caught short
NAND flash memory prices have experienced an unforeseen increase, occurring earlier than anticipated, according to industry sources.
NAND flash memory prices have experienced an unforeseen increase, occurring earlier than anticipated, according to industry sources.
Freight rates play a crucial role in determining both the cost and efficiency of production in the electronics manufacturing sector. Fluctuations in freight rates can have a significant impact on businesses, from disrupting supply chains to increasing production costs.
Memory chip maker Micron Technology has increased NAND flash wafer contract prices by about 10% since September, reports SEMI insiders. This is the second price hike in the NAND flash market this year, following Samsung's August increase.
The MEMS market is expected to grow from US$14.5 billion in 2022 to US$20 billion in 2028, at a compound annual growth rate (CAGR) of 5%. The consumer MEMS market, which is currently the largest segment, is expected to grow at a CAGR of 4%, while the automotive market is expected to grow at a CAGR of 7%. The industrial, defense and aerospace, medical, and telecom markets are expected to grow at CAGRs of at least 5%.