Group 1 - The core viewpoint of the article highlights that兆易创新 (Zhaoyi Innovation) has seen its stock price rise over 10%, reaching a new high of 343.8 HKD, driven by positive market sentiment and developments in the semiconductor industry [1] - The article notes that overnight, SanDisk's stock in the US surged over 9%, reaching a historical high, indicating strong market performance in the memory sector [1] - Micron Technology has indicated that the slow expansion of wafer fabrication plants and complex customer certification processes will likely prevent a resolution to the current memory shortage until 2028 [1] Group 2 - Morgan Stanley's report suggests that major companies are optimistic about DDR4 procurement, with potential price increases of up to 50% in Q1 2026 due to supply constraints, which may continue into Q2 [1] - The shift in production capacity towards DDR4 has resulted in a severe shortage of high-density DDR3, positively impacting the performance of related suppliers [1] - According to public data, Zhaoyi Innovation holds the largest market share in NOR Flash and SLC NAND Flash products in mainland China for 2024, and ranks second in the niche DRAM market share [1] Group 3 - Everbright Securities previously reported that Zhaoyi Innovation is a leading domestic player in niche storage, benefiting from the upward cycle in the storage market, which is expected to enhance both volume and price [1] - The company's diverse product portfolio is anticipated to further open up incremental growth opportunities [1]