Based on the most recent survey conducted by TrendForce, in November 2025, the global demand for NAND Flash remains exceptionally strong. This surge is primarily fueled by the robust demand emanating from AI applications and a flurry of enterprise - grade SSD orders.

Manufacturers are strategically prioritizing capacity allocation towards high - end and enterprise - grade products. Simultaneously, they are expediting the reduction of capacity based on older manufacturing processes. This dual - pronged approach has resulted in an increasingly constrained supply of NAND Flash wafers.

In November, contract prices for mainstream wafers experienced a dramatic and widespread increase. Across all product categories, the average monthly price hikes ranged from a substantial 20% to an astonishing over 60%. Moreover, these price increases were not limited to specific capacity segments but rather extended across the entire spectrum.

Considering the significant pricing leverage held by manufacturers and the fact that supply shortages are unlikely to be alleviated in the short term, it is anticipated that contract prices will continue their upward trajectory in December.