Core Viewpoint - The global NAND Flash industry is expected to see significant revenue growth driven by AI infrastructure demand, with the top five brands projected to achieve a combined revenue of $21.17 billion in Q4 2025, reflecting a quarter-over-quarter increase of 23.8% [2]. Group 1: Revenue Performance of Major NAND Flash Suppliers - Samsung leads the NAND Flash market with a revenue of $6.6 billion in Q4 2025, showing a quarter-over-quarter increase of 10%, although its market share has decreased to 28% [3]. - SK Group (including SK Hynix and Solidigm) reported a revenue increase of 47.8% to $5.21 billion, maintaining its second position with a market share of 22.1, driven by growth in Mobile NAND Flash and enterprise SSDs [3]. - Kioxia achieved a revenue of $3.31 billion, marking a quarter-over-quarter increase of 16.5%, with both revenue and bit shipments reaching record highs for the quarter [3]. - Micron's revenue increased by 24.8% to nearly $3.03 billion, ranking fourth, as the company continues to enhance QLC production and expand its offerings using the ninth-generation NAND Flash technology [3]. - SanDisk reported a revenue of nearly $3.03 billion, with a quarter-over-quarter increase of 31.1%, benefiting from the overall NAND supply shortage and making significant progress in the server sector [4]. Group 2: Market Outlook and Trends - TrendForce anticipates that NAND Flash prices will remain high in 2026 due to limited foreseeable capacity expansion and surging AI demand [4]. - Major manufacturers are accelerating technology upgrades and shifting their product focus towards high-capacity QLC enterprise SSDs (122TB/245TB) to meet the requirements of generative AI for large capacity and high-speed transmission [4]. - Capacity resources are expected to continue to tilt towards the server segment, leading to a squeeze in supply for consumer products [4].