The NAND contract price went up 20-25% in Q1, reports DRAMeXchange.

“The overall production capacity for 2D-NAND has fallen during the industry-wide migration to 3D-NAND manufacturing,” says DRAMeXchange’s Alan Chen, “as the market has yet to regain its balance following this disruption, contract prices of NAND flash chips will keep going up.”

DRAMeXchange expects shortages will last all year and that NAND suppliers will see increasing revenues through to the end of 2017.