During the first half of 2025, following production cuts and inventory adjustments, the NAND Flash market experienced a notable improvement in the supply-demand imbalance. Manufacturers pivoted towards higher-margin products, resulting in a reduction in market supply. Concurrently, augmented corporate investments in AI and the rollout of NVIDIA's latest chip generation spurred demand. Consequently, it is anticipated that the average contract price of NAND Flash will surge by 5% to 10% in the third quarter. Nevertheless, the unpredictable outlook for the smartphone market has placed a cap on the growth of eMMC and UFS products.