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OCZ can't get enough NAND chips due to short supply

Posted: 11 Sep 2012 ?? ?Print Version ?Bookmark and Share

Keywords:NAND Flash? 2X-nm MLC NAND? Vertex? Vertex?

OCZ Technology Group Inc. has recently stated that it cannot get enough NAND flash chips. The statement comes after Toshiba Corp announced that it was cutting its production of NAND flash chips by 30 percent due to market over supply and chip price concerns.

Ryan Petersen, CEO of OCZ, stated that despite achieving bookings in excess of their expectations for the second fiscal quarter, the company was not able to meet its previously stated revenue guidance due primarily to constraints in NAND flash supply. During the month of August, the company experienced a significant shortage on certain NAND flash components, based on industry-wide tightening of supply, leaving it with an undersupply of 2X-nm MLC NAND used for its Vertex and Agility line of products.

"While we believe that the situation will resolve itself, subject to market conditions, we plan to hasten our transition to new process nodes in order to help ease these supply constraints," added Petersen.

When Toshiba announced the immediate cut in production in July it said it expected the supply and demand balance to improve in the third quarter due to growth of PC and smartphone shipments and that it would continue to monitor the situation and resume production ahead of increasing demand.

Many of the leading NAND flash suppliers, including Toshiba, Samsung and Micron have significant commitments to Apple Inc. to supply NAND flash. Apple is reported to have recently cut its order of NAND flash memory from Samsung. It is not clear whether OCZ's "industry-wide" supply shortage could have resulted from NAND flash memory inventory being taken up for use by Apple in its forthcoming model of iPhone expected to launch on Sept. 12.

- Peter Clarke
??EE Times

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