The NOR Flash ASP climbed by around 5% QoQ in 1Q20 and by about another 10% to 20% QoQ in 2Q20, as buyers re-stocked, says DRAMeXchange.

However now, with inventories replenished, DRAMeXchange expects a drop of around 3% in Q3.

As uncertainties in 5G demand grow, the SLC NAND Flash ASP, which is highly correlated with NOR Flash ASP, is expected to further decline in 2H20

5G infrastructure projects in Europe and North America are facing delays due to the pandemic while the U.S. government has announced more export restrictions against Huawei and added FiberHome to the Entity List, effective since June 5.

Therefore a minor decline in SLC NAND prices in 3Q20 is expected, with the decline expanding in 4Q20 due to the lack of demand.