As we look forward into 2021 and beyond, it is clear that predicting market trends is a complex act to say the least. With the global pandemic still largely affecting multiple supply chains in the flash memory industry; as well as import export timelines, and when also considering the growing demand and forge of consumer electronics, the application of flash memory in devices is on the rise. Flash memory finds applications in laptops, digital cameras, cell phones, GPS, electronic musical instruments, and many others. In addition to this, the memory type is finding increased adoption from data center solution vendors.
Despite the pandemic, which negatively impacted the smartphone industries but spurred demand for server and PC memory for stay-at-home activities, 2021 is expected to be a year of recovery. Driven by important megatrends, like cloud computing, AI, and the IoT, the memory market has experienced extraordinary growth over the past decade. Because of this, trends are set to continue upward both due to multiple innovations in the industry and the severe uptick in remote work and the tech presence in a multitude of new spaces.
The increasing research activities in this space would further drive the market’s growth. For instance, in January 2020, Researchers from the University of Lancaster in the United Kingdom succeeded in their efforts to create a type of non-volatile flash memory, which is as fast as DRAM but uses just 1% of the energy that modern-day NAND or DRAM memory needs to write bits of data. The memory is called UK III-V Memory.
What does this mean for our customers?
As prices show signs of change we will do our best to keep you informed. As the market is recovering from the lulls of the pandemic, we may see an increase in pricing. In cases where the increases are sudden, we are still your one source for flash memory with your wallet in mind. Our wholesale bulk pricing scale will continue to benefit your future purchases. If you have any other questions, feel free to reach out and we will do our best to answer them.
Chinese New Year: Delayed Fulfillment
When it comes to our current supply, we want to provide our customers with fast and reliable shipping. Due to Chinese New Year 2021 which is Friday, February 12th-February 26th, we want to encourage our customers to place their orders as soon as they can to ensure timely delivery. Celebrations of the new year can last up to 16 days, but only the first 7 days are considered a public holiday (February 11th–17th, 2021). Preparations for the new year begin on February 4th, 2021 [this is called “Little Year”, and last until New Years Eve [February 11th]. If you have any urgent orders, we highly recommend placing them by February 4th. Orders placed after the 4th may experience shortages until February 20th. We are stocking up on the most popular items and will do our best to have what you need!