As flash demand climbs and legacy DRAM supply lags, memory prices are rising across the board. Meanwhile, nearline HDD shortages are forcing hyperscalers to accelerate the adoption of QLC SSDs for roles once gated by cost, tightening both ends of the storage market.

Amid a global memory shortage, China's YMTC has set its sights on building a third semiconductor plant in Wuhan, with the facility expected to begin mass production of memory chips by 2027.