Monthly Memory & Flash Market Watch

Western Digital’s 2FQ24 end market revenue distribution: cloud 35% / client 37% / consumer 28%

• Cloud: Q/Q growth was attributed to higher nearline shipments to data center customers and better nearline pricing. Y/Y decrease was due to lower eSSD bit shipments.

• Client: Q/Q 2%↓,an increase in flash ASPs was more than offset by a decline in flash bit shipments.Y/Y increase was due to higher flash shipments, primarily driven by client SSD shipments for PC applications.

• Consumer: Q/Q growth was primarily due to seasonal strength in flash bit shipments. On a Y/Y basis, the increase in flash bit shipments was partially offset by a decline in flash ASPs as well as lower HDD shipments.

Kioxia to kill off its 30-year-old SSD brand Plextor and replace it with trademark SSSTC--Solid State Storage Technology.

SSSTC will focus solely on drives for enterprise, datacenter, and industrial applications.

SK hynix recorded an operating profit of 346 billion won in 4FQ23 amid a recovery of the memory chip market

•This marks the first quarter of profit following 4 straight quarters of losses.

• The firm took advantage of its market-leading technology in the DRAM space to actively respond to customer demand, which led to sales of its primary DDR5 and HBM3 products increasing by more than 4x and 5x QoQ compared with 2022, respectively.