Samsung
Samsung formed R&D team to optimize power efficiency and performance of SSD in India
Samsung Electronics has been the top vendor in the SSD market since 2006, and the firm has recently formed an R&D team for SSD solutions in India. However, the reason behind forming a research team in India could be the aim to leverage local talents to develop its specialized leadership.
Going toward the details, Samsung Semiconductor India Research formed a team under Memory Solutions, which will be responsible for researching ways to optimize power efficiency and performance for SSDs in India and maintain leadership in the sector.
The source also claims that Samsung held 35% of the NAND market in 2022 and expects AI and autonomous to drive demand for its memory business as a surge of data requires a considerable amount of memory, with HBMs meeting demands for high-density and performance.
During the fourth quarter earnings call in 2023, Samsung stated that with the market’s recovery, demand for SSD products continued to grow steadily, with server SSD shipments increasing by approximately 50% compared to the fourth quarter of 2023.
This trend is expected to extend into 2024 with a focus on high-end products. Consequently, the global SSD market will expand from US$16.69 billion in 2023 to US$38.56 billion in 2027.
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