On 15th September, the additional export control ban of the US Government on Huawei came into effect. In the latest IPO-related information, it was stated that Kioxia, which was formerly known as Toshiba Memory, the second-largest NAND-type flash memory manufacturer across the world is expected to conduct an IPO. The ban on Huawei by the US may be the reason for the considerable price fall of the NAND Flash industry. According to several Japanese media reports, Kioxia stated that the Huawei ban came into effect on 15th September. And at this stage, the products of the company that was sold to Huawei have a high possibility of including the control object.

From September 15th Kioxia has confined shipping NAND to Huawei. And, by 2027 the semiconductor memory will reach 134.95 billion US dollars. In 2019, the semiconductor memory market was valued at over US$90 billion. It is expected to increase at an annual growth rate of approximately 6.1% during the forecast period from 2020 to 2027. According to Precedence Research’s data, the global semiconductor memory market will reach considerably.

The report also pointed out that the integration of the IoT or Internet of Things in automobiles, industrial applications, and consumer electronics will increase continuously. And, the acceptance of IoT is also growing which helps to promote the improvement of the semiconductor storage market. While reducing the entire product costs, the depiction of smart electronics and the Internet of Things developed the production and manufacturing capabilities. Moreover, the artificial intelligence, Internet of Things needs high capacity and high operating speed that will fulfill the demand of semiconductor storage devices within the next few years.

Presently, consumer trends also have smart and advanced products from traditional electronic products. This entire transformation has prospered the whole market. This enhanced manufacturing of memory solutions and consumer electronics in India, South Korea, and China has impacted the trend. It is expected in several Asian countries like India, Indonesia, and Singapore the investment will go through attractive growth opportunities.