Institution: Tightening supply of NAND Flash wafers intensifies, with some product contract prices in November increasing by over 60%.

According to the latest survey from TrendForce, the overall NAND Flash demand in November 2025 continues to be driven by strong demand from AI applications and Enterprise SSD orders. Original equipment manufacturers prioritize allocating capacity to high-end and enterprise-level products with better profitability, and old process capacity is quickly converging. The supply situation for wafers is tighter, leading to a significant increase in mainstream wafer contract prices in November. The average monthly increase for all types of products can reach 20% to over 60%, and the price increase quickly spreads to all capacity segments.