SanDisk delivered strong Q4 and 2011 results in revenue growth, profitability and cash flows.
"We bolstered our technology leadership in NAND Flash and product roadmaps, and continued to grow faster than the semiconductor industry with market share gains in our core and new businesses. These results reflect our success in leveraging the extraordinary opportunities that are being created by the confluence of the content, mobility and storage trends and also speak to the success of our expansion into new markets, channels and customers with storage solutions that our customers want from us," Mehrotra said.
Sandisk also expects the mobile segment to benefit from several trends, including broadening adoption of tablets, the ongoing penetration of smartphones in emerging markets and increasing consumption of video. Increased adoption of tablets for content consumption and as productivity enhancing tools by both consumers and enterprises should drive strong growth for NAND flash. In addition, the ongoing shift from 2G to 3G mobile phones in emerging markets bodes well for increasing NAND flash consumption. Additionally, the increasing consumption of video on mobile devices, enabled by LTE networks, will continue to drive demand for more NAND flash.
The company also expects 2012 to mark the inflexion point of SSD growth for SanDisk with both the enterprise and client markets.
Sansdisk plans to strength its enterprise SSD market presence this year and further expand its product portfolio with PCIe and SATA SSD products. For the SSD market, the company's small form factor client SSDs are being adopted by PC OEMs into their new Ultrabook platforms in both standalone SSD and caching configurations.
Turning to fab operations, Sandisk has completed the planned capacity expansion within Phase 1 of Fab 5, and has now equipped approximately 30% of the Phase 1 space. The company expects future Phase 1 expansion to begin no sooner than July 2012.