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NAND Supply Seen Improving in Late 2027 as DRAM Shortage Looms for Years

Stronger equipment forecasts and factory upgrades could lift NAND output in late 2027, foreshadowing lower SSD costs.

Overview

  • Analyst firm TrendForce projects global NAND bit growth will outpace demand in the second half of 2027, which could ease the current NAND supply squeeze.
  • Wedbush says firmer guidance from ASML on EUV machine shipments supports the idea that added equipment will boost memory output in late 2027 and early 2028.
  • Senior industry voices warn that DRAM will remain tight far longer than NAND, with ADATA's chairman predicting a decade-long shortfall and SK Hynix's CEO saying demand may outstrip supply beyond 2030.
  • AI servers now consume a large share of NAND and premium memory, long-term contracts and prepayments are locking up available inventory, and consumer device demand is weakening and price-sensitive.
  • The near-term result is higher contract prices and stockpiling by module makers while supplier expansions and process migrations promise more capacity only after multi-year lead times and yield ramps.