Core Viewpoint - The shift in production capacity by major DRAM manufacturers towards high-end products and the end-of-life (EOL) announcements for older generation products like DDR4 and LPDDR4X are driving a significant increase in DRAM prices, with expectations of a 10% to 15% increase in conventional DRAM prices in Q3 2025, and a 15% to 20% increase when including HBM [1][4]. Summary by Category DRAM Price Trends - The demand for DDR4 remains strong, leading to a projected price increase of 40% to 45% for consumer DDR4 in Q3 2025 due to supply constraints and prioritization of server needs [4][5]. - Overall, conventional DRAM prices are expected to rise by 10% to 15% in Q3 2025, while HBM prices may increase by 15% to 20% [2][4]. PC DRAM Market - The price of PC DRAM is anticipated to increase by 8% to 13% in Q3 2025, driven by heightened demand and supply limitations as manufacturers shift focus to server DRAM [5]. - The EOL policy for DDR4 is causing a supply squeeze, particularly affecting consumer applications [5]. Server DRAM Market - The demand for DDR5 is strengthening due to data center expansions, while DDR4 is experiencing preemptive stockpiling ahead of its EOL [5]. - Server DRAM prices are expected to rise by 3% to 8% in Q3 2025, supported by new platform deployments and AI server requirements [5]. Mobile DRAM Market - LPDDR4X prices are projected to increase by 23% to 28% in Q3 2025 due to rising demand and supply reductions from major manufacturers [6]. - LPDDR5X prices are expected to rise by 5% to 10% as a result of seasonal demand [6]. Graphics DRAM Market - GDDR6 is experiencing a supply shortage, leading to significant price increases in Q3 2025, while GDDR7 is being introduced to meet new GPU demands [6].

Core Viewpoint - The latest report from TrendForce indicates a continued decline in TV panel prices for July 2025, while prices for monitors and laptops remain stable [1][3]. TV Panels - The average price for a 65-inch TV panel is $174, down by $2 or 1.1% from the previous month, with a range between $169 and $178 [5]. - The average price for a 55-inch TV panel is $124, also down by $2 or 1.6%, with a range from $119 to $127 [6]. - The average price for a 43-inch TV panel is $64, down by $1 or 1.5%, with a range from $62 to $65 [7]. - The average price for a 32-inch TV panel is $35, down by $1 or 2.8%, with a range from $34 to $36 [8]. Monitor Panels - The forecast indicates that monitor panel prices are expected to remain unchanged [8]. - The average price for a 27-inch IPS panel is projected to be $63, with a range from $57.6 to $65.8 [9]. - The average price for a 23.8-inch IPS panel is expected to be $49.9, with a range from $47.1 to $51.4 [10]. Laptop Panels - The forecast suggests that prices for laptop panels across various sizes will remain stable [10]. - The average price for a 17.3-inch TN panel has stabilized at $38.3, with a range from $37.7 to $39.8 [11]. - The average price for a 15.6-inch Value IPS panel is expected to remain at $40.3, with a range from $38.6 to $41.9 [12]. - The average price for a 14.0-inch TN panel has stabilized at $26.9, with a range from $26.4 to $28.1 [13]. - The average price for an 11.6-inch TN panel has stabilized at $25.1, with a range from $24.2 to $26.5 [14].

01 周价格表 | 集 邦 咨 询 | | | | 史新目期: ZUZ5/7Z | | --- | --- | --- | --- | --- | | 多晶硅 (Per KG) | 高点 | 低点 | 均价 | 涨跌幅 | | N型复投料(RMB) | 35.000 | 33.000 | 34.500 | 0.00% | | N型致密料(RMB) | 34.000 | 32.000 | 32.000 | 0.00% | | N型颗粒硅(RMB) | 32.500 | 31.000 | 31.500 | 0.00% | | 非中国区多盟娃(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/130μm (RMB) | 0.880 | 0.830 | 0.880 | 0.00% | | N型210单晶硅片-210mm/130µm (RMB) | 1.200 | 1.150 | 1.200 | -2.44% | | N型210R单晶硅片-210*182mm/130μm (RM ...

Core Insights - The North American large CSPs are the main drivers of AI Server market demand expansion, with a forecasted 24.3% year-on-year growth in global AI Server shipments for this year, slightly revised down due to international circumstances [1][4] Group 1: North American CSPs - Microsoft is focusing on AI investments, which has somewhat suppressed the procurement of general-purpose servers, primarily utilizing NVIDIA's GPU AI solutions for AI Server deployment [1] - Meta has significantly increased its demand for general-purpose servers due to new data center openings, primarily using AMD platforms, and is actively expanding its AI Server infrastructure with self-developed ASICs expected to double in shipments by 2026 [1] - Google has benefited from sovereign cloud projects and new data centers in Southeast Asia, significantly boosting server demand, and has begun mainstream production of its TPU v6e for AI inference [2] - AWS is focusing on its self-developed Trainium v2 platform, with plans for Trainium v3 development expected to launch in 2026, anticipating a doubling of its self-developed ASIC shipments by 2025 [2] - Oracle is emphasizing the procurement of AI Servers and In-Memory Database Servers, actively integrating its core cloud database and AI applications [3] Group 2: Market Outlook - Due to international circumstances, many Server Enterprise OEMs are reassessing their market plans for the second half of 2025, with an overall forecast of approximately 5% year-on-year growth in total server shipments, including both general-purpose and AI Servers [4]

Core Viewpoint - The global automotive LED market is expected to face significant price pressure in 2025 due to ongoing economic uncertainties, but a recovery in automotive production is anticipated in the second half of 2025, leading to projected market values of $3.451 billion for automotive LEDs and $35.729 billion for automotive lighting by 2025 [1]. Group 1: Automotive Lighting Trends - Automotive lighting is shifting towards personalization, communication displays, driver assistance, and safety upgrades [3]. - Adaptive headlights (ADB) enhance nighttime visibility and reaction time to obstacles, with a projected market penetration rate of 21.6% by 2029 despite current economic uncertainties [5][6]. - The introduction of Micro/Mini LED technology in adaptive headlights is expected to improve safety through flexible pixel control, with manufacturers like Volkswagen and Tesla adopting these technologies [5][6]. Group 2: Tail Light Innovations - The trend in automotive lighting includes personalized and communication displays, with Mini LED tail lights being integrated into various vehicle models [7]. - Ams OSRAM's ALIYOS technology allows for flexible Mini LED arrangements, enabling dynamic visual effects for design and information display [7]. Group 3: Decorative Lighting Market - The decorative lighting segment, including ambient lights and grille lamps, is projected to reach $311 million by 2029, with a compound annual growth rate of 28% from 2024 to 2029 [8]. - Intelligent ambient lighting, featuring built-in ICs for RGB LEDs, is expected to see a high growth rate of 69% [8]. Group 4: Mini LED Display Trends - Mini LED technology is being adopted by major automotive manufacturers, enhancing display quality with features like HDR and local dimming [10]. - Companies such as NIO, General Motors, and Ford are expected to implement Mini LED displays in their vehicles by 2024, with further expansions planned through 2029 [10]. Group 5: Market Size and Revenue Performance - The global automotive lighting market is projected to slightly decline to $34.658 billion in 2024 due to pricing pressures and inventory adjustments, despite a rise in electric vehicle sales [12]. - The top ten automotive lighting manufacturers for 2024 include Koito, Valeo, and Forvia Hella, among others [12]. Group 6: LED Manufacturer Revenue - The leading automotive LED manufacturers for 2024 are ams OSRAM, Nichia, and Lumileds, with ams OSRAM being favored for high-end and electric vehicles due to its product quality [14]. - The revenue of Everlight is expected to grow by over 40% in 2024, driven by demand in China, Europe, and South Korea [14].

交易情况 01 周价格表 | | | | | 更新日期:2025/6/25 | | --- | --- | --- | --- | --- | | 多晶硅 (Per KG) | 高点 | 低点 | 均价 | 涨跌幅 | | N型复投料(RMB) | 35.000 | 33.000 | 34.500 | -4.17% | | N型致密料(RMB) | 34.000 | 32.000 | 32.000 | -4.48% | | N型颗粒硅(RMB) | 32.500 | 31.000 | 31.500 | -3.08% | | 非中国区多智娃(USD) | 22.000 | 13.100 | 17.500 | -2.78% | | 硅片 (Per pc) | 高点 | 低点 | 均价 | 涨跌幅 | | N型183单晶硅片-183mm/130μm (RMB) | 0.880 | 0.850 | 0.880 | -2.22% | | N型210单晶硅片-210mm/130μm (RMB) | 1.250 | 1.230 | 1.230 | -1.60% | | N型210R单晶硅片-210*182mm/130µm ...

June 24, 2025 产业洞察 TrendForce集邦咨询 近期市场对于NVIDIA RTX PRO 6000系列产品的讨论声量高，预期在需求支撑下，整体出货将有不 俗表现。然而，TrendForce集邦咨询资深研究副总吴雅婷认为，该系列产品受限于存储器供应紧张等 因素，出货量是否能如市场期待，仍有变量。 TrendForce AI服务器 趋势分析 商业洞察 信息精选 TrendForce集邦咨询预期，NVIDIA RTX PRO 6000特规版将于今年下半年推出，吴雅婷分析， NVIDIA的存储器采购策略，为针对不同产品类别多元化供应商布局，HBM主要由SK hynix（SK海 力士）提供、Micron（美光科技）为第二供应商，在LPDDR类别以Micron为主要合作伙伴，GDDR 则仰赖Samsung（三星）供应。 | | HBM | LPDDR5x | GDDR7 | | --- | --- | --- | --- | | Key Supplier | SK hynix | Micron | Samsung | | Note | SK hynix 为主要供应商,但 2025年Micron供应NV ...

Core Viewpoint - The panel prices for televisions have decreased in June 2025, while monitor and laptop panel prices have remained stable. The demand for television panels is weakening, leading brands to adopt a more conservative purchasing attitude [2][4]. Television Panels - In June, the demand for television panels has shown a more pronounced weakening trend, with brands becoming more cautious in their procurement. The unclear terminal demand for the second half of the year and rising inventory levels have led some brands to consider reducing their procurement momentum for Q3 [2][4]. - It is estimated that the prices for 43-inch, 50-inch, and 55-inch television panels will decrease by $1, while 65-inch and 75-inch panels are expected to drop by $1 to $2 [4]. Monitor Panels - The demand for monitor panels is reaching its peak, with brand clients beginning to adjust their orders. The weakening demand for television panels and their price declines are starting to affect monitor panel prices. Despite manufacturers hoping for slight price increases, most brand clients are not accepting continued price hikes in June, leading to an expected stabilization of monitor panel prices [5]. Laptop Panels - Brands are becoming more optimistic about the demand for laptops in the second half of the year, leading to an increase in orders for laptop panels. However, manufacturers are unlikely to propose price increases to maintain customer relationships and may employ various non-public pricing strategies to secure orders [6][7]. - The prices for laptop panels are expected to remain stable in June, although there are emerging concerns about memory shortages and significant price increases, which could impact future procurement attitudes of brand clients [7].

Group 1: OLED Display Panel Market - The demand for OLED display panels remains strong, with a projected shipment growth rate of 69% for 2025, up from a previous estimate of 40% [1] - TrendForce has revised the expected shipment volume for OLED display panels in 2025 from 2.8 million units to 3.4 million units, following a significant growth of 132% in 2024 [1] Group 2: Enterprise SSD Market - The revenue of the top five enterprise SSD brands is expected to decline in Q1 2025 due to inventory digestion and challenges in AI product assembly [4][5] - The average selling price of enterprise SSDs has dropped nearly 20%, leading to a quarter-over-quarter revenue decrease for the top five brands [5] - Samsung, SK Group, Micron, Kioxia, and SanDisk are the top five enterprise SSD brands, with total revenues of $4.53 billion in Q1 2025, representing a market share of 95.1% [6]

Core Viewpoint - In June 2025, there is a slight downward trend in television panel prices, while prices for monitors and laptop panels remain stable [1][4]. Television Panels - The average price for a 65-inch television panel is $176, down by $1 or 0.6% from the previous month, with a range of $171 to $180 [6]. - The average price for a 55-inch television panel is $126, also down by $1 or 0.8%, with a range of $121 to $129 [7]. - The average price for a 43-inch television panel is $65, down by $1 or 1.5%, with a range of $63 to $66 [8]. - The average price for a 32-inch television panel is $36, with a minimum of $35 and a maximum of $37 [9]. Monitor Panels - In June, monitor panel prices remain unchanged from the previous month [10]. - The average price for a 27-inch IPS panel is $63, with a range of $57.6 to $65.8 [11]. - The average price for a 23.8-inch IPS panel is $49.9, with a range of $47.1 to $51.4 [12]. Laptop Panels - In June, prices for laptop panels across all sizes remain stable compared to the previous month [12]. - The average price for a 17.3-inch TN panel is $38.3, with a range of $37.7 to $39.8 [13]. - The average price for a 15.6-inch Value IPS panel is $40.3, with a range of $38.6 to $41.9 [14]. - The average price for a 14.0-inch TN panel is $26.9, with a range of $26.4 to $28.1 [15]. - The average price for an 11.6-inch TN panel is $25.1, with a range of $24.2 to $26.5 [16].