NAND flash was invented by Toshiba in 1989 and entered commercial mass production in the early 2000s. Since NAND flash has much faster access speed than mechanical hard drives, and since small-storage persistent memory products were gaining popularity, memory companies began placing increased focus on NAND flash.

While the global PC market is expected to experience a 10% decline in 2022, Asustek Computer is seeking to outperform the industry average.

Memory prices will be trending downward in the second quarter of 2022, but are likely to rebound in the second half of the year when new smartphones hit market shelves, according to sources at IC distributors.