During the first quarter of 2025, NAND Flash suppliers encountered dual challenges: a backlog of inventory and waning demand from end-users. According to the latest findings from TrendForce, the average selling price (ASP) of NAND Flash dropped by 15% during the quarter, accompanied by a 7% decline in shipments. While some product prices showed signs of recovery towards the quarter's end, stimulating a slight uptick in demand, the cumulative revenue of the top five NAND Flash manufacturers amounted to $12.02 billion, marking a near 24% decrease from the previous quarter.
