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Global 3D NAND Market Shrinks by 24.3 Percent in Q3 2022

Demand for 3D NAND memory dropped in the third quarter due to softening demand for PCs and smartphones. As a result, both average selling prices (ASPs) of flash memory and its bit shipments collapsed, which severely affected the revenue of 3D NAND makers.

Makers of 3D NAND supplied $13.71 billion worth of memory in Q3 2022, a drop of 24.3% quarter-over-quarter, according to a report by TrendForce (opens in new tab). This is because volumes that 3D NAND bit shipments declined by 6.7% sequentially, whereas average prices fell by 18.3% QoQ as 3D NAND makers had to reduce prices to make their products more appealing.

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