Following back-to-back price increases for DRAM and NAND, NOR flash has become the next segment to spike. Prices are up by at least 10% this quarter, with certain models surging over 30% in under a month, signaling a new round of broad-based memory price escalation.

Formosa Plastics Group (FPG) president Chia-chau Wu said China’s rapid buildout of large-scale petrochemical plants has caused a lasting supply-demand imbalance that may take years to correct, with recovery expected by 2027. He added that electronic materials are now a key growth driver for the group and are projected to perform even better in 2026.