Core Insights - The global investor confidence in AI is being restored, driven by the emergence of AI models like Google's Gemini 3.0 and Alibaba's Qianwen, leading to renewed interest in storage chips as a crucial material for AI infrastructure [1] - The price of storage chips is expected to continue rising, with significant increases anticipated for DDR5 prices, particularly due to the growing demand from AI applications [1][2] - Major storage manufacturers are increasing prices, with Samsung and others leading the charge, resulting in substantial month-over-month price increases for DDR4 and DDR5 memory [1][2] Industry Overview - The global DDR5 memory capacity shortage is projected to be around 15% by 2025, while demand is growing at an annual rate of 20% [2] - The ongoing shortage of DDR4 is prompting PC manufacturers to accelerate the adoption of DDR5, further driving demand [1][2] - The current market is experiencing a new cycle of storage demand driven by emerging technologies, particularly AI, which is expected to elevate the storage market to a new level [3] Company Performance - Semiconductor companies like SMIC reported a third-quarter revenue of $2.382 billion, a year-on-year increase of 9.7%, with a gross margin of 22% [4] - Hua Hong Semiconductor achieved a third-quarter revenue of $635.2 million, reflecting a year-on-year growth of 20.7%, driven by increased demand for flash, logic, and analog products [4] - Shanghai Fudan, a diversified chip design company, offers a wide range of products including security and identification chips, non-volatile memory, and FPGA chips [5]