Xuan Gu Bao·2025-11-11 23:28Group 1 - The core viewpoint of the articles highlights the increasing demand for NOR Flash due to the transition from HBM3E to HBM4 in AI servers, leading to a projected 50% increase in NOR Flash usage and a potential price increase of up to 30% in the first quarter of next year [1] - NOR Flash is identified as the largest storage chip market segment after DRAM and NAND Flash, driven by growing applications in smartphones, IoT, TWS earbuds, 5G, and automotive electronics [1] - NOR Flash is characterized by its fast read speeds and ability to execute program code directly on the chip, making it the preferred choice for devices requiring high boot response times and reliability [1] Group 2 - Zhaoyi Innovation is recognized as a leading player in the mainland NOR Flash industry, with expectations of steady growth driven by the ramp-up of 45nm product production and increased demand in automotive and server sectors [2] - Dongxin Technology is noted as one of the few domestic companies providing NAND, NOR, and DRAM storage chips, indicating a diversified product offering in the storage chip market [2]