AI推理催化大容量储存产品结构性改变，Nearline SSD需求急升 根据Tr endFor c e集邦咨询最新研究，未来两年AI基础设施的建置重心将更偏向支持高效能的推 理（Inf e r enc e）服务，在传统大容量HDD严重供不应求的情况下，CSP业者纷纷转向NAND Fl a sh供应商寻求解方，催生专为Inf e r enc e AI（AI推理）设计的Ne a rline SSD（近线固态硬 盘），以满足市场的迫切需求。 点击右边 阅读原文 了解更多详情 4Q25 DRAM价格延续涨势，服务器需求提前发酵、旧制程产品涨幅仍较大 根 据 Tr endFor c e 集 邦 咨 询 最 新 调 查 ， 由 于 三 大 DRAM 原 厂 持 续 优 先 分 配 先 进 制 程 产 能 给 高 阶 Se rve r DRAM和HBM，排挤PC、Mobil e和Consume r应用的产能，同时受各终端产品需求分化 影响，第四季旧制程DRAM价格涨幅依旧可观，新世代产品涨势相对温和。 预估整体一般型 DRAM (Conventional DRAM)价格将季增8-13%，若加计HBM，涨幅将扩大至13-18 ...

01 周价格表 | 多晶硅 (Per KG) | 高点 | 低点 | 均价 | 涨跌幅 | | --- | --- | --- | --- | --- | | N型复投料(RMB) | 55.000 | 47.000 | 50.000 | 0.00% | | N型致密料(RMB) | 53.000 | 45.000 | 48.000 | 0.00% | | N型颗粒硅(RMB) | 49.000 | 45.000 | 47.000 | 0.00% | | 非中国区多晶硅(USD) | 22.000 | 13.100 | 17.500 | 0.00% | | 硅片 (Per pc) | 高点 | 低点 | 均价 | 涨跌幅 | | N型183单晶硅片-183mm/130pm (RMB) | 1.350 | 1.300 | 1.350 | 0.00% | | N型210单晶硅片-210mm/130um (RMB) | 1.700 | 1.650 | 1.680 | 0.00% | | N型210R単晶硅片-210*182mm/130um (RMB) | 1.450 | 1.380 | 1.400 | 0.00% ...

Sept. 25, 2025 产业洞察 根据TrendForce集邦咨询观察，由于消费市场需求提前在上半年被透支，下半年旺季未能如预期发挥 效应，市场原本普遍预估4Q25价格将进入盘整。然而，HDD供给短缺与过长交期，使CSP（ 云端服 务供应商 ）将储存需求快速转向QLC Enterprise SSD，短期内急单大量涌入，造成市场明显波动。同 时，SanDisk（ 闪迪 ）率先宣布调涨10%，Micron（美光）也因价格与产能配置考量暂停报价，使得 供应端氛围由保守转为积极。在此外溢效应带动下， 预估NAND Flash第四季各类产品合约价将全面 上涨，平均涨幅达5-10% 。 | | 3Q25E | 4Q25F | | --- | --- | --- | | Total NAND Flash | up 3~8% | up 5~10% | | - ST | | I | TrendForce集邦咨询指出，从供给面来看，NAND Flash受惠于上半年减产与优先去化库存，市场供 需平衡明显改善，原厂库存与价格压力同步缓解。除几家大厂规划于明年启动新厂投产外，其余厂商 资本支出多集中于先进制程升级，以优化单位成本 ...

Core Insights - The article discusses the current trends in the DRAM market, highlighting the price increases for various types of DRAM due to supply constraints and shifting demand towards high-end applications [2][4][6]. DRAM Price Trends - Overall Conventional DRAM prices are expected to increase by 8-13% in Q4 2025, while HBM blended prices are projected to rise by 13-18% [2][3]. - The demand for Server DRAM is anticipated to grow significantly in 2026, with major US CSPs planning to start procurement earlier to secure supply [4][5]. Segment Analysis - **PC DRAM**: Prices are expected to rise slightly due to limited supply as manufacturers shift capacity to Server DRAM. However, overall PC DRAM procurement is projected to decrease due to reduced OEM shipments [4][5]. - **Mobile DRAM**: LPDDR4X prices are forecasted to increase by over 10% in Q4 2025 due to supply constraints, while LPDDR5X is also expected to maintain an upward price trend [6]. - **Graphics DRAM**: GDDR7 prices are set to rise significantly due to strong demand from the market, particularly for NVIDIA's RTX6000 series, while GDDR6 prices will also increase but at a slower rate [6]. - **Consumer DRAM**: Supply remains limited, and while prices are expected to rise, the demand from buyers has slowed down after significant price increases in the previous quarter [7].

Sept. 24, 2025 产业洞察 根据TrendForce集邦咨询最新调查，伴随LCD电视面板需求将于2025年第四季趋缓，BOE（京东 方）、CSOT（华星光电）、HKC（惠科）等面板大厂均计划在中国十一长假时，针对电视面板的主 力生产据点执行休假。按照目前 TrendForce LCD电视面板产线稼动率模型估算，十月的稼动率将较 厂商八月规划的版本减少六个百分点，降至79% 。 TrendForce集邦咨询表示，从供给面来看，休假策略不仅有助于LCD电视面板厂维持10月底以前的低 水位库存，同时，选择在十一长假进行生产调节，得以顺势降低相关运营成本。 观察面板厂动态，由于BOE、CSOT及Sharp（夏普）均计划在长假时，针对自家10.5代产线执行为期 五至七天的休假，TrendForce集邦咨询预估，十月10.5代电视面板生产稼动率水位将落在74%左右； 而8.6代主力面板厂HKC针对其主要电视生产线，如重庆H1、滁州H2及长沙H5厂预期将实施五天假 期，京东方也计划针对其成都B19放假五天，预估8.6代电视面板产线稼动率水位约落于77.5%；至于 8.5代线，目前计划休假的厂区为CSOT T1及 ...

| 干川·大儿/ | | | | | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 应用别 | 尺寸 | 分辨率 | 出货型态 | | | 液晶显示屏价格 | | | | | | | | નાદ | 賞 | 均价 | 与前月差异(%) | | | 电视 | 65" W | 3840x2160 | Open-Cell | 167 | 176 | 173 | 0.0 | 0.0% | | | 55" W | 3840x2160 | Open-Cell | 118 | 127 | 124 | 0.0 | 0.0% | | | 43" W | 1920x1080 | Open-Cell | 62 | ୧୧ | 64 | 0.0 | 0.0% | | | 32"W | 1366x768 | Open-Cell | 34.0 | 36.0 | 35.0 | 0.0 | 0.0% | | 桌上显示器 | 27"W (IPS) | 1920x1080 | LED | 57.6 | 65.8 | 63.0 | 0.0 | 0.0% | | | ...

Core Viewpoint - The storage industry is undergoing significant transformation driven by the AI wave, characterized by rapid technological iterations, intense market competition, explosive data growth, and geopolitical impacts on supply chains [3][4][7]. Group 1: Market Dynamics - The global storage industry is facing challenges due to geopolitical tensions and trade barriers, which are affecting supply chain stability and increasing market volatility [3]. - Consumer electronics are experiencing growth difficulties, while AI computing power demands are surging, leading storage manufacturers to invest in high-value products like HBM, DDR5, and enterprise SSDs [4]. - A structural imbalance in the storage market has emerged, with DDR4 experiencing tight capacity despite strong demand, causing costs to rise and spot prices for DDR4 to exceed those of DDR5 [4][6]. Group 2: Technological Advancements - The AI era is driving unprecedented demand for HBM and large-capacity SSDs, with HBM technology achieving breakthroughs in bandwidth, heat dissipation, and power optimization [6]. - The introduction of the HBM4 standard has doubled bandwidth and improved energy efficiency by 40% compared to HBM3E, positioning it as a key player in the AI storage market [6]. - NAND Flash stacking technology has surpassed 300 layers, with aspirations to reach 500 layers, significantly enhancing storage density and performance [6]. - New technologies such as Storage Class Memory (SCM), Compute Express Link (CXL), and Compute-Storage Integration (CIM) are redefining storage boundaries and creating new possibilities for AI applications [6]. Group 3: Upcoming Events - The MTS2026 conference, themed "Storage Winds, Smartly Shaping the Future," will take place on November 27, 2025, in Shenzhen, gathering over 1,000 industry elites to discuss trends and opportunities in the storage sector [9][10]. - The conference will focus on topics such as technological advancements, market dynamics, and capacity planning, including discussions on HBM technology breakthroughs and NAND Flash stacking progress [9][10]. - The event will also feature the release of the "2026 Top Ten Technology Market Trend Predictions" and the second "TechFuture Awards" ceremony, recognizing outstanding achievements in technology innovation and market development [12][17].

根据TrendForce集邦咨询最新研究，未来两年AI基础设施的建置重心将更偏向支持高效能的推理 （Inference）服务，在传统大容量HDD严重供不应求的情况下，CSP业者纷纷转向NAND Flash供应 商寻求解方，催生专为Inference AI（AI推理）设计的Nearline SSD（近线固态硬盘），以满足市场 的迫切需求。 为填补这个供给缺口，各大NAND Flash供应商正加速Nearline QLC NAND Flash产品的验证与导 入。QLC技术能以更低的成本储存更多资料，成为满足大容量需求的关键。此外，供应商也正扩大 QLC SSD的产出，预计2026年将逐步提高产能利用率。随着Inference AI应用扩张，预计这股需求热 潮将延续到2027年，因此2026年Enterprise SSD（企业级固态硬盘）的供应将呈吃紧状态。 TrendForce集邦咨询表示，为了进一步扩大Nearline SSD在AI储存应用中的优势，并更有效地取代 HDD，未来的产品将朝向更大容量、更低成本的方向发展。目前厂商正积极研发与发表Nearline SSD 新品，不仅容量超越主流HDD，更在成本上进一 ...

Core Viewpoint - The panel prices for TVs, monitors, and laptops are expected to remain stable as of September 2025, aligning with earlier forecasts by TrendForce [2]. TV Panel Prices - The average price for a 65-inch TV panel is $173, with a minimum price of $167 and a maximum of $176 [5]. - The average price for a 55-inch TV panel is $124, with a minimum price of $118 and a maximum of $127 [7]. - The average price for a 43-inch TV panel is $64, with a minimum price of $62 and a maximum of $66 [8]. - The average price for a 32-inch TV panel is $35, with a minimum price of $34 and a maximum of $36 [8]. Monitor Panel Prices - The average price for a 27-inch IPS monitor panel is $63, with a minimum price of $57.6 and a maximum of $65.8 [10]. - The average price for a 23.8-inch IPS monitor panel is $49.9, with a minimum price of $47.1 and a maximum of $51.4 [11]. Laptop Panel Prices - The average price for a 17.3-inch TN laptop panel has remained stable at $38.3, with a minimum price of $37.7 and a maximum of $39.8 [13]. - The average price for a 15.6-inch Value IPS laptop panel is expected to be $40.3, consistent with the previous month, with a minimum price of $38.6 and a maximum of $41.9 [13]. - The average price for a 14.0-inch TN laptop panel has stabilized at $26.9, with a minimum price of $26.4 and a maximum of $28.1 [13]. - The average price for an 11.6-inch TN laptop panel has remained stable at $25.1, with a minimum price of $24.2 and a maximum of $26.5 [13].

英伟达尝试调升HBM4规格，预期2026年SK海力士仍是最大供应商 根据Tr endFor c e集邦咨询最新调查，因应AMD（超威）将于2026年推出MI450 He lios平台， 近期NVIDIA（英伟达）积极要求Ve r a Rubin s e rve r r a ck的关键零组件供应商提高产品规格， 包 括 HBM4 的 Spe ed pe r Pin 须 调 升 至 10Gbps 。 尽 管 规 格 能 否 提 升 仍 有 变 量 ， 预 计 SK hynix （SK海力士）在HBM4量产初期将维持其最大供应商的优势。 AI推理需求导致Nearline HDD严重缺货，预计2026年QLC SSD出货有望趁势爆发 根据Tr endFor c e集邦咨询最新研究，AI创造的庞大数据量正冲击全球数据中心存储设施，传统 作为海量数据存储基石的Ne a rline HDD（近线硬盘）已出现供应短缺，促使高效能、高成本的 SSD逐渐成为市场焦点， 特别是大容量的QLC SSD出货可能于2026年出现爆发性增长 。 | 产品 | 交付周期 | 每GB平均售价 | 最大容量 | 棒能 | 能效 | | --- ...