Overview
As global semiconductor market demand continues to slow down, the previously fast-growing storage industry has begun to usher in a cold winter. Under the impact of Russia-Ukraine conflict, COVID epidemic and high inflation, consumer electronics market becomes sluggish and appears a "slump in the peak season" phenomenon in 2022H2. This has led to an imbalance between market supply and demand, rising inventories, falling prices of DRAM&NAND Flash, and major manufacturers’ rare announcements to cut production as well as reduce capital expenditures.
However, there are also some fields that continue to release heat for the storage industry under such severe cold. The rise of technologies such as cloud computing, big data, autonomous driving and the metaverse, along with robust data storage demands in servers, automobiles and industry, presents a completely different development outlook from the consumer electronics market, which is expected to boost the storage industry to buck the trend.
Looking ahead to 2023, will the storage industry usher in a reversal? What new challenges and opportunities will we face? On January 5, 2023, TrendForce will hold the Memory Trend Summit 2023. TrendForce senior analyst team and important industry guests will then gather online to comprehensively discuss technological evolution, market trends and applications of the storage industry in 2023, providing industry friends with forward-looking ideas for strategic planning.