-
- News
- Books
Featured Books
- pcb007 Magazine
Latest Issues
Current IssueDon’t Just Survive, Thrive
If we are to be relevant and prosper during these next critical decades in electronics, we must do more than survive. As an industry, we can and must thrive. In this issue, our contributors explore these concepts meant to help you take your business to the next level.
Material Matters
Materials management is nuanced, multifaceted, and requires a holistic systems approach for business success. When building high mix, low volume, and high technology, managing materials and overall cost containment are even greater challenges.
Additive Manufacturing
In this month’s issue, we explore additive manufacturing technology for the PCB fabricator: where it stands today, the true benefits, and where it seems to be headed.
- Articles
- Columns
Search Console
- Links
- Events
||| MENU - pcb007 Magazine
NAND Flash Industry Revenue Grows 2.9% in 3Q23, Expected to Surge Over 20% in Q4
December 5, 2023 | TrendForceEstimated reading time: 2 minutes
TrendForce reports a pivotal shift in the NAND Flash market for 3Q23, primarily driven by Samsung’s strategic decision to reduce production. Initially, the market was clouded by uncertainty regarding end-user demand and fears of a subdued peak season, prompting buyers to adopt a conservative approach with low inventory and slow procurement. However, as market leaders like Samsung implemented substantial production cuts, buyers’ attitudes shifted toward a more aggressive procurement strategy in anticipation of a market supply decrease. This led to a stabilization and even an uptick in NAND Flash contract prices by quarter-end, driving a 3% QoQ increase in bit shipments and culminating in a total revenue of US$9.229 billion, marking an approximate 2.9% increase.
The story unfolds with Kioxia and Micron—the only two to witness a dip in revenue rankings this quarter—while Samsung maintained its robust performance. Despite sluggish demand in the server sector, Samsung’s fortunes rebounded thanks to a boost in consumer electronics, especially with high-capacity products in PCs and smartphones. Samsung emerged from a trough in Q3, with strategic inventory replenishments fueling further strategic stocking, and a shift in operational focus toward maximizing profit. This led to a minor 1–3% decrease in shipped bits, but a 1–3% increase in ASP, stabilizing Q3 NAND Flash revenue at US$2.9 billion.
Kioxia saw a 3% increase in Q3 ASP, boosted by rebounding wafer contract prices and early strategic stockpiling by laptop clients. However, a delay in orders from American smartphone brands led to a 10–15% decrease in shipped bits, causing a dip in NAND Flash revenue to US$1.34 billion, marking an 8.6% decline in QoQ.
Micron was characterized by steady orders from PC and mobile sectors and inventory restocking by some enterprise SSD clients. Despite maintaining bit shipments from Q2, a 15% drop in ASP led to a slight slip in revenue to US$1.15 billion, a 5.2% decrease in QoQ. Yet, Q4 forecasts a more vibrant scenario, with a comprehensive rebound in contract prices and a surge in order growth driven by price hikes, setting Micron up for over 20% revenue growth QoQ.
Other industry giants like SK Group (SK hynix & Solidigm) and WDC rode the wave of renewed demand in consumer electronics. SK Group, buoyed by renewed demand for high-capacity products in the PC and smartphone arenas, maintained a steady increase in bit shipments, catapulting Q3 NAND Flash revenue to US$1.86 billion–an 11.9% uptick. WDC’s narrative echoed this success, with Q3 PC demand outstripping forecasts and resilient demand in mobile and gaming categories underscoring an effective price-driven increase in bit shipments, thus boosting the NAND Flash division’s revenue to US$1.556 billion, a significant 13% climb in QoQ.
Suggested Items
Celestica Announces Q2 2024 Financial Results
07/26/2024 | CelesticaCelestica Inc., a leader in design, manufacturing, hardware platform and supply chain solutions for the world's most innovative companies, announced financial results for the quarter ended June 30, 2024 (Q2 2024)†.
Memory Industry Revenue Expected to Reach Record High in 2025 Due to Increasing Average Prices and the Rise of HBM and QLC
07/22/2024 | TrendForceTrendForce’s latest report on the memory industry reveals that DRAM and NAND Flash revenues are expected to see significant increases of 75% and 77%, respectively, in 2024, driven by increased bit demand, an improved supply-demand structure, and the rise of high-value products like HBM.
Nan Ya PCB Reports Weak Overall Results for 1H 2024
07/18/2024 | Nan Ya PCBTaiwan-based Nan Ya PCB Co. Ltd has posted weak results for the first half of 2024.
TSMC Reports Second Quarter EPS of NT$9.56
07/18/2024 | TSMCTSMC announced consolidated revenue of NT$673.51 billion, net income of NT$247.85 billion, and diluted earnings per share of NT$9.56 (US$1.48 per ADR unit) for the second quarter ended June 30, 2024.
Electronic System Design Industry Posts $4.5 Billion in Revenue in Q1 2024
07/16/2024 | SEMIElectronic System Design (ESD) industry revenue increased 14.4% to $4,521.6 million in the first quarter of 2024 from the $3,951.1 million registered in the first quarter of 2023, the ESD Alliance, a SEMI Technology Community, announced in its latest Electronic Design Market Data (EDMD) report.