Micron Technology(US:MU) Hua Xia Shi Bao·2025-10-17 11:25Core Viewpoint - The global storage product price surge is driven by the AI revolution, leading to a structural transformation in the industry, with high demand for advanced storage chips and a shift in production focus by major manufacturers [2][6][11]. Price Increase of Major Manufacturers - Major storage product prices have been rising significantly, with examples including a Samsung DDR4 memory module increasing by nearly 100 yuan and a Seagate 4TB hard drive rising from 569 yuan to 919 yuan [3][4]. - Samsung plans to raise DRAM prices by 15%-30% and NAND flash prices by 5%-10% in Q4, while Micron has seen a general price increase of about 20% for DRAM and NAND flash [4][5]. - The price increase trend is expected to continue, with predictions of an 8%-13% rise in DRAM prices and a 5%-10% rise in NAND flash prices in Q4 [5]. AI-Driven Structural Changes - The price increase is fundamentally caused by a surge in demand for high-end storage chips due to the AI wave, which has led to a supply-demand imbalance [6][11]. - Major manufacturers have reduced production of traditional storage products to focus on high-margin high-bandwidth memory (HBM) products, exacerbating the price volatility in traditional storage [7][9]. Opportunities for Domestic Storage Manufacturers - The strategic shift of global leaders towards high-end products presents new market opportunities for domestic storage manufacturers, as they can capture market share in niche DRAM segments [9][10]. - Companies like Changjiang Storage and Changxin Storage are positioned to benefit from this shift, with stock prices of related companies showing strong performance [10]. Market Outlook - The current price surge in storage products is expected to last for about six months to a year, with potential for a return to supply-demand balance by next year [11]. - The ongoing demand for high-value high-end chips, particularly driven by AI applications, will continue to influence the market dynamics and pricing strategies of storage manufacturers [11].