After the main NAND manufacturers continued to implement production reduction and control strategies, the contract price of NAND flash memory ended a year long downward channel and reached a turning point in this quarter. The channel inventory has been cleared smoothly, but some models are experiencing supply shortages. Price stabilization is beneficial for rebuilding confidence in the upstream and downstream of the industrial chain, but the original factory still emphasizes the priority of profit recovery and has limited willingness to significantly expand production in the short term. Distributors suggest that customers arrange safety stock reasonably based on their own demand rhythm.