Technology3D NAND sales fell worldwide as demand fell

3D NAND sales fell worldwide as demand fell

Demand for 3D NAND memory fell sharply during the third quarter of 2022, causing total NAND manufacturing industry revenue to decline 24.3% qoq, according to Search (Opens in a new tab) Market intelligence firm TrendForce.

The NAND Flash industry reported total revenue of approximately $13.71 billion for the third quarter of 2020, which Trendforce pegged to lower-than-expected numbers in terms of total shipments of end products, such as consumer electronics, workstationsand servers, associated with a generally pessimistic economic outlook and lower capital expenditures from companies.

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