In the third quarter of 2025,driven by the accelerated deployment of AI infrastructure by cloud service providers,the demand for enterprise solid state drives(Enterprise SSD)continued to strengthen,pushing the total revenue of the top five NAND Flash brand manufacturers to increase by 16.5%in the quarter,and the total amount approached 17.1 billion US dollars.With the gradual effectiveness of the production reduction strategy in the first half of the year,the imbalance between supply and demand has been significantly improved in the second half of the year,and the proportion of enterprise-level SSD shipments has increased,and the average sales unit price of major original factories has risen simultaneously.
 

 

　　At the same time,the consumer electronics market has entered the off-season of traditional demand,and it is expected that the growth rate of shipment bits of all original factories will further converge,and may even be the same as last quarter.In terms of price,in the context of cloud service providers to ensure stable supply and maintain high acceptance of purchase prices,if other applications want to ensure stable supply,they need to follow the price trend of enterprise-level products,which is expected to drive the contract prices of most products to rise rapidly again.
 

 

　　Looking forward to the fourth quarter,AI applications will continue to drive the purchasing demand of cloud service providers for high-performance TLC and QLC enterprise SSD.However,the original factory inventory has returned to the normal water level,and the natural output caused by overlapping process conversion will be impaired,and the growth space of bit shipments will be limited.At the same time,the supply of HDD(mechanical hard disk)is still in short supply,and many factors jointly support the upward trend of NAND Flash price.It is estimated that the contract price increase of various products will fall between 20%and 25%in the fourth quarter,which will drive the overall industrial revenue to further increase.