India, June 24 -- Major memory suppliers continue to prioritize capacity allocation toward higher-value products such as HBM and advanced-layer 3D NAND, according to TrendForce's latest research on the memory industry. This has squeezed the mature-node capacity for NOR Flash and SLC NAND.

Against a backdrop of steady demand, cumulative contract price increases for both product categories exceeded 100% during the first half of 2026. TrendForce expects prices for NOR Flash and SLC NAND to continue rising in the second half of the year, given that no significant capacity expansion plans have been announced by suppliers, amid tight supply-demand conditions.

TrendForce notes that the core value of NOR Flash lies in its execute-in-place (XIP)...