NOR Flash Supply-Demand Imbalance to Persist Through H2 2026, TrendForce Says

TrendForce's call frames NOR Flash as another memory segment being repriced by AI capacity absorption rather than by consumer cyclicality, which matters for embedded and automotive buyers that treat the chip as a low-cost commodity input. The squeeze is structural: limited bit output growth colliding with rising high-end demand, with the steepest pressure concentrated in high-capacity parts. Whether suppliers can expand output fast enough to loosen the imbalance before the forecast horizon is the open question.