NAND wafer shortages push November contract prices up by over 60% — market tightens as hyperscalers purchase capacity for AI data centers

NAND Flash wafer shortages in November led to a significant increase in contract prices, with prices rising over 60% across major product categories. The demand for AI workloads and enterprise SSDs continued to drive the market, with suppliers prioritizing higher-margin products and reducing mainstream wafer availability. The shortage particularly impacted TLC and QLC products, with significant price increases observed in these segments. Manufacturers are focusing on enterprise and premium products, leading to a tight market with limited wafer supply expected to persist.