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SanDisk Lifts November NAND Contract Prices by Up to 50% as Supply Tightens

AI-driven data center demand is outstripping wafer capacity, forcing downstream makers to halt shipments.

Overview

  • Module vendors including Transcend, Innodisk and Apacer paused shipments to re-price products, with Transcend suspending quotes and deliveries starting November 7.
  • Phison’s CEO described the AI-led storage upswing as unprecedented and said upstream NAND vendors have raised prices by roughly 50% to 75% while Phison shifts supply toward enterprise, industrial, embedded and ODM customers.
  • SanDisk executives said demand for its NAND exceeds available supply and expect tight conditions through 2026, with data centers projected to overtake mobile as the largest NAND buyer in 2026.
  • The jump far surpasses earlier research expectations for fourth-quarter contract gains of 5% to 10%, and market holders are withholding inventory, creating spot shortages.
  • DRAM pricing dynamics are also in flux after Samsung paused DDR5 contract quotations on November 3, with peers following and DDR5 spot prices rising about 25% in a week.