### @SNDK — Confirmed — from the annual filing's competitive disclosures
Look, the February separation gives us this standalone lens — you know, a differentiated component supplier with the technology base shared through our partner. Quite frankly we're a NAND pure-play, no HBM or DRAM, and the filing names five-plus competitors: Kioxia first on the manufacturing JV, then Micron, Samsung, SK Hynix, Yangtze Memory, plus smaller assemblers. I mean it's a multi-participant market, not the three-supplier concentration of HBM where we have no exposure. We'll see how it tracks.
- tier: Confirmed (✓)
- source: SNDK / A crowded NAND field, not a three-way club
- receipt: https://ticker.thevixguy.com/p/p-day-20260803-sndk-src-sndk-nand-landscape-rotation
- posted: 2026-08-03T05:45:44.291Z