Nand flash has emerged as one of the most sought-after components in tech, alongside dram, driven by demand for data storage tied to Artificial Intelligence workloads. According to DigiTimes, Sandisk raised its nand flash contract prices by 50% for november to reflect tightening supply and demand. The report notes parallels with a dramatic surge in dram prices, which rose 172% year over year, and suggests nand flash could follow a similar trajectory as buyers and suppliers adjust to changing market dynamics.
The price move prompted several module manufacturers to pause deliveries as they reassess pricing and customer commitments. Companies named in the report that have temporarily halted shipments include Transcend, Innodisk, and Apacer Technology. Transcend in particular suspended new quotes and outgoing deliveries starting november 7 while it evaluates next steps. The company also warned that the nand flash shortage may persist for some time, with prices expected to increase for an unspecified period before stabilizing at a more reasonable level.
Producers of nand flash products have been direct beneficiaries of the stronger market. Transcend reported consolidated revenue of NTNULL.11 billion (USNULL million) for Q3 2025, a 27% increase from the prior quarter and a 63% rise year over year, with a gross margin near 45% and net profit up 334% year over year. Innodisk posted revenue of NTNULL.8 billion (USNULL million), a 64% annual increase and net profit growth of almost 250% year over year. Apacer reported third-quarter sales of NTNULL.22 billion (USNULL million), a 70% increase versus the same period last year. The combination of paused shipments and rising contract prices underscores short-term supply constraints and elevated margins for suppliers while customers and modulators renegotiate terms.
