SSD prices skyrocket! Manufacturers are happy but bitter, profits increase by 25%

The latest news on March 7 revealed that according to data released by TrendForce, the total revenue of the global NAND flash memory market surged in the fourth quarter of 2023, reaching US$11.49 billion, a quarter-on-quarter growth of 24.5%.

During this quarter, NAND flash memory contract prices generally increased, with an average increase of approximately 25%. In particular, Samsung's average selling price increased by 12%, and Western Digital also increased by 10%. The market is bullish.

As a leading company in the industry, Samsung has made great progress in its server, notebook, and mobile phone flash memory businesses. In just one quarter, the flash memory business recorded revenue of US$4.2 billion, a surge of 44.8% from the previous quarter, and its market share soared to 36.6%, an increase of 5.2 percentage points compared to the previous quarter.

The revenue of SK Hynix (including Solidigm) also achieved rapid growth, reaching US$2.48 billion, a month-on-month increase of 33.1%, and its market share was as high as 21.6%.

The market shares of Western Digital and Kioxia reached 14.5% and 12.6% respectively, and both achieved a certain degree of growth.

However, Micron became the only company among the five giants to regress. Due to reduced supply, its revenue fell slightly by 1.1%, and its market share was less than 10%.

In addition, the performance of other small and medium-sized manufacturers cannot be underestimated, with their total revenue increasing significantly by 32.3%.

According to TrendForce's forecast, NAND flash memory industry revenue is expected to grow again by about 20% in the first quarter of 2024, bringing new development opportunities to the entire industry.