The flash memory chip market is going through a real collapse. As stated by the CEO of Phison Electronics Khein-Seng Poi, the NAND flash memory market has already reached the bottom -- the corresponding chips are sold at prices below their cost. This was reported by the Digitals portal.
Although Phison Electronics is not a partner of all companies operating in this industry, Poi's statements are likely to be broadly consistent with the overall market situation; previously, it has been reported that Mikron and Kioxia limit the uploading of production capacity due to overproduction and have already stopped producing some products for the memory market; previously, prices will fall to the second half of 2023.
It is known that this is being done to deal with stockpiles in warehouses and to prevent prices from falling further in the face of the economic crisis and declining demand, and it is expected that production restrictions will allow prices to rise again to a level where output is generally feasible.