中国存储芯片厂搅动全球价格战

Group 1 - China is implementing subsidy policies to encourage the purchase of domestic semiconductor memory products, with Chinese DRAM and NAND being 23% cheaper than products from other countries, and potentially up to 50% cheaper when subsidies are considered [1][2] - The presence of large Chinese companies in the semiconductor memory market is increasing due to technological innovation and improved price competitiveness, which is contributing to a decrease in global bulk trading prices [1][2] - Yangtze Memory Technologies Co. (YMTC) is expanding its market share in the NAND sector, while Changxin Memory Technologies (CXMT) is growing in the DRAM sector, primarily targeting the domestic market [1][2] Group 2 - The price of NAND-based solid-state drives (SSDs) has decreased, with the price of the benchmark TLC 256GB dropping by 8% to around $29.9 in the first quarter [2] - Changxin Memory Technologies has successfully mass-produced products using hybrid bonding (HB) technology earlier than Korean competitors, with their products reaching a maximum of 267 layers [5] - The price of DDR4 8GB has dropped to around $1.70, and 4GB products are at $1.30, marking a continuous decline over six months, influenced by the rise of Changxin Memory Technologies [5] Group 3 - Demand for NAND and DRAM is weakening due to sluggish sales of personal computers and smartphones, leading to a decrease in prices [6] - Approximately 50% of DRAM is used in personal computers and data center servers, while about 35% is used in smartphones [6] - There are indications that inventory levels may decrease sooner than expected, which could lead to increased demand for DDR4, DDR5, and high bandwidth memory (HBM) [6]