3D NAND sales plummet across the globe as demand falls

Demand for 3D NAND memory dropped sharply during the third quarter of 2022, causing the overall NAND manufacturing industry’s revenue to drop 24.3% quarter-over-quarter, according to research (opens in new tab) from market intelligence firm TrendForce.

The NAND Flash industry recorded total revenue of around US$13.71 billion for 3Q22, which Trendforce linked to below-expectation numbers in terms of overall shipments of end products, such as consumer electronics, workstations, and servers, linked to a generally pessimistic economic outlook and lower capital expenditures from firms.

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