韩厂减产 NAND催动价格飙涨 群联、点序、威刚等受惠

Group 1 - Samsung and SK Hynix are significantly reducing NAND chip production to focus on high-end DRAM and high bandwidth memory (HBM), leading to a structural supply shortage in the global NAND chip market, with prices expected to rise further [1][2] - Samsung's NAND chip production is projected to decrease from 4.9 million units last year to 4.68 million units this year, a reduction of approximately 4.5%, while SK Hynix's production is expected to drop from 1.9 million units to 1.7 million units, a decrease of 10.5% [1] - The combined NAND chip output from both companies is anticipated to fall from 6.8 million units last year to about 6.38 million units this year, representing a year-on-year decline of approximately 6.2% [1] Group 2 - The current tight supply of NAND chips and the booming high-end storage market are driving prices higher, as NAND chip and DRAM production capacities can be interchanged, with both companies prioritizing high-end DRAM production for better profitability [2] - The demand for enterprise-level SSDs and storage capacity from cloud service providers is experiencing structural growth, with a supply gap of over 10% that is unlikely to ease in the short term [2] - Phison, a company specializing in NAND controller chips, is benefiting from the rising prices, which is enhancing its operational momentum [3]