Samsung expands presence in NAND flash market in Q4

Seoul, March 3 : Despite revenue decline, Samsung Electronics has further upped its leadership in the global NAND flash market in the fourth quarter of 2020, a report showed on Wednesday.
The South Korean tech giant, also the leader in the DRAM sector, had a 32.9 per cent share of the global NAND flash market in terms of revenue in the October-December period, up 1.5 percentage points from a quarter earlier, according to market tracker TrendForce.
But Samsung’s revenue from NAND flash products came to a total of US$4.64 billion in the last three months of 2020, down 3.4 per cent from a quarter earlier.
Samsung’s NAND flash bit shipments rose by 7-9 per cent quarter-on-quarter on strong procurements from the smartphone and PC segments, according to TrendForce, but its average selling price (ASP) of NAND flash products declined by more than 10 percent from the previous quarter.
“With the market leaning toward oversupply, Samsung had to lower prices and thereby experienced a revenue decline,” TrendForce said.
Japan’s Kioxia Corp. was the runner-up with a 19.5 per cent market share, up 2.3 percentage points from a quarter earlier, though its revenue plunged 11.4 percent quarter-on-quarter to $2.74 billion, reports Yonhap news agency.