The agency predicts that the size of the NAND market this year will be 34.6 billion US dollars, down 43% from the same period last year.

CTOnews.com, August 16, according to the latest forecast released by market research firm WebFeet Research, the NAND market for the whole of 2023 will be $34.6 billion (CTOnews.com Note: currently about 252.58 billion yuan), down 43% from the same period last year.

The agency believes that there are still many uncertainties about the impact of the wave of artificial intelligence on the flash market, but it is foreseeable that demand for servers, laptops and smartphones is declining.

Analysts of the agency believe that although the global macro-economy tends to stabilize by the end of this year, various negative risk factors still exist.

After the depressed demand for PC in the first half of 2023, NAND manufacturers are reducing production to alleviate the high inventory situation.

Despite the strong support of governments, the sharp decline in NAND sales has also put many flash memory manufacturers in trouble.