According to the latest survey by TrendForce, the NAND Flash market has significantly improved its supply-demand imbalance after production cuts and inventory reduction in the first half of 2025. As original equipment manufacturers shift production capacity to high-gross-margin products, the market supply has shrunk. On the demand side, companies are increasing their investment in AI, and NVIDIA's new generation Blackwell chips are shipping in large quantities. Looking ahead to the third quarter NAND Flash price trend, the average contract price is expected to increase by 5% to 10% quarter-on-quarter, but the increase in eMMC and UFS products is relatively low due to the unclear outlook for smartphones in the second half of the year.