Ge Long Hui A P P·2025-11-17 10:58Core Viewpoint - The AI industry is currently occupying a significant amount of capacity, leading mainstream suppliers to gradually exit fragmented and niche markets, creating important opportunities for many small to medium-sized suppliers, many of whom are clients of the company [1] Group 1: Market Dynamics - The company continues to invest in the AI sector and has taken on related orders, including those in the memory market [1] - A slight imbalance in supply and demand in the memory market can lead to dramatic price fluctuations, with a 5% shortage or surplus potentially causing prices to double [1] - There is currently a supply gap in the industry, and high price levels are expected to persist [1] Group 2: Product Characteristics - Products such as NOR Flash, NAND Flash, and MCU have long validation cycles and high barriers to entry for replacements [1] - Even if new manufacturers attempt to enter the market, it will take at least 16 months from wafer fabrication to mass production, indicating that the market positions of existing suppliers will remain stable for the foreseeable future [1]