【大涨解读】存储：海外存储大厂缩减产能维持利润，大模型还将迎来“记忆”时刻，行业紧张态势延续全年

Market Overview - The storage sector saw a significant increase in early trading, with Baiwei Storage rising over 8%, and other companies like Tongfu Microelectronics, Purun Co., and Langke Technology also experiencing substantial gains [1][2]. Company Performance - Baiwei Storage (688525.SS) reported a price of 190.50, with an increase of 8.68% and a turnover rate of 7.26% [2]. - Tongfu Microelectronics (002156.SZ) had a price of 51.57, up by 7.01%, with a turnover rate of 9.80% [2]. - Langke Technology (300042.SZ) saw its stock rise by 5.30%, reaching a price of 31.21 [2]. - SK Hynix and Samsung Electronics, which together account for over 60% of NAND capacity, are reducing their flash memory production to maximize profits, potentially exacerbating supply shortages [3]. Industry Trends - Micron Technology indicated that the shortage of storage chips is expected to persist due to increased demand from AI infrastructure, with supply constraints likely to continue until 2026 [3][4]. - The global storage industry is shifting towards a "high profit, stable price, weak cycle" operational model, with DDR4 and DDR5 spot prices rising approximately 10% in the first half of January [3][4]. - The price of 16GB memory modules has surged from over 300 yuan a year ago to over 1100 yuan, reflecting a 2-3 times increase in other specifications [3]. Future Outlook - The storage industry's high demand is anticipated to drive growth in semiconductor equipment and materials companies, with domestic companies like Changxin Technology progressing in their IPOs, which may further expand capital expenditures [4]. - The introduction of new technologies, such as NVIDIA's memory storage platform, is expected to maintain the tight supply conditions in the storage sector, indicating a strong sustainability of the industry's super cycle [4][5].