As NAND Flash demand is expected to recover in 2024, Samsung Electronics has reportedly established a dedicated R&D team for SSD in India to expand its presence and maintain leadership in the sector.
Korean media Seoul Economy Daily, citing industry sources, reported that Samsung Semiconductor India Research (SSIR) formed a team under the Memory Solutions Team, responsible for research to optimize power efficiency and performance for SSDs.
Samsung has been the top vendor in the SSD market since 2006, and the reason why Samsung formed an R&D team for SSD in India is to leverage local talents to expand its technological leadership. In recent years, Samsung has collaborated with institutions such as the Indian Institute of Technology Delhi and KLE Technology University.
According to Samsung's official document, it held 35% of the NAND market in 2022 and expects AI and autonomous driving to drive demand for its memory business as a flood of data requires a considerable amount of memory, with HBMs meeting demands for high-density and performance and SSDs meeting offering low latency and fast response.
The report quoted data from Omdia predicts that the global SSD market will expand from US$16.69 billion in 2023 to US$38.56 billion in 2027.
Especially since 2024, there has been a slow but steady increase in NAND product prices and demand, albeit not as rapid as DRAM. During the fourth quarter earnings call in 2023, Samsung stated that with the market's recovery, demand for server SSD products continued to grow steadily, with server SSD shipments increasing by approximately 50% compared to the fourth quarter of 2023. This trend is expected to extend into 2024 with a focus on high-end products.
