Samsung and SK hynix Maintain Top Two Spots in Global NAND Flash Market in Q2
Quick Look
Samsung Electronics and SK hynix retained their positions as the top two players in the global NAND flash memory market in the second quarter, with market shares of 28% and 19% respectively, as the market expanded 70% quarter-on-quarter driven by rising prices, according to Counterpoint Research data.
AI-generated summary
Why It Matters
The NAND flash memory market experienced a 90% quarter-on-quarter increase in the first quarter, setting the stage for continued growth in the second quarter.
SEOUL, Sept. 4 (Yonhap) -- South Korean chipmakers Samsung Electronics Co. and SK hynix Inc. maintained their positions as the top two players in the global NAND flash memory market in the second quarter, as the market continued to expand, industry data showed Friday.
The NAND market expanded 70 percent in the April-June period compared with three months earlier, driven by rising prices, according to data compiled by industry tracker Counterpoint Research.
The growth followed a 90 percent quarter-on-quarter increase in the first quarter.
Samsung Electronics maintained its No. 1 position with a 28 percent market share in the second quarter, while SK hynix ranked second with a 19 percent share.
Micron Technology Inc. ranked third, benefiting from higher selling prices.
China's YMTC posted higher revenue than expected, with its market share reaching 14 percent in the cited period.
What to Watch
AI outlook โ possibilities, not facts
The NAND flash market will continue to expand in the third quarter of 2024
Possible ยท Within months
Open Questions
- What specific factors drove the 70% market expansion in Q2 beyond rising prices?
- How sustainable is the current price-driven growth in the NAND market?
- What are the long-term market share projections for YMTC and other Chinese memory makers?
