this post was submitted on 21 Jan 2024
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By cut supply, you mean several fabs have suffered catastrophic losses and turned down production for nearly a year? Because that's what happened.
And yes, nobody makes products when there's no demand for them. It's the basics of how they turn the screws to buyers at all times.
They cut supply in like September. They were all fighting for market share still, largely driven by Samsung, hence the low prices.
Server shipments were way down because everyone overbought in 2021/2022.
The NAND market has always been an antitrust shit show.
Yup. They control the entire market and there's a decreasing number of fabs. They raise prices to ensure revenue doesn't drop and they can keep showing investors lines going up.
It's idiotic, and it's how the industry has worked for decades at this point. Just wait till people figure out the games played by fabs, substrate manufacturers, and component suppliers...