Jiang Bolong: The application of AI will continue to boost demand, expected to support overall NAND Flash prices to continue rising in the fourth quarter.

Jiang Fanglong released the record of investor relations activities. According to information released by third-party organizations, the demand for high-performance TLC eSSD and QLCe SSD will continue to rise due to the application of AI. HDD supply remains scarce, which is expected to support the overall NAND Flash prices to continue to rise in the fourth quarter. Due to the impact of past cycles, major manufacturers will maintain a cautious capacity expansion strategy. If subsequent capital expenditures rise, constrained by the lag in production capacity construction cycles, the incremental contribution to bit output in 2026 will also be limited.