集邦咨询：NAND Flash wafer供给紧缩加剧 11月部分产品合约价涨幅逾60%

Core Insights - The overall demand for NAND Flash is expected to be driven by AI applications and strong orders for Enterprise SSDs by November 2025 [1] - Manufacturers are prioritizing capacity allocation to high-margin high-end and enterprise products, leading to a rapid contraction of older process capacities [1] - The supply situation for wafers is tightening, resulting in significant price increases for mainstream wafer contracts, with average monthly increases ranging from 20% to over 60% across all capacity segments [1] - TrendForce anticipates that contract prices will continue to rise in December due to strong pricing power from manufacturers and ongoing wafer supply constraints [1]