2025年中国TechNet：英韧科技董事长访问：搭乘数据中心/企业市场的内存控制器IC/固态硬盘供应商

Investment Rating - The report does not explicitly provide an investment rating for Innogrit, but it highlights positive views on related companies such as Huaqin and Lingyi, both rated as "Buy" [13]. Core Insights - Innogrit is positioned as a competitive player in the memory controller IC and SSD market, with a focus on enterprise-grade products that have higher entry barriers and longer switching cycles compared to consumer-grade products [3][6]. - The global enterprise SSD market is experiencing rapid growth, driven by an increasing volume of data, with China seeing a CAGR of 25-30% [4][6]. - Innogrit has successfully penetrated various enterprise-grade clients across local and global markets, including cloud service providers and large-scale enterprises in finance and energy sectors [3][6]. Company Profile - Innogrit is a memory controller IC design house established in 2017, focusing on the SSD market and offering products for consumer, enterprise, and data center markets [2]. - The company has launched over 10 memory controllers and has begun mass production of PCIe 5.0 memory controllers since 2024, with plans to release PCIe 6.0 products in 2026 [2]. Market Dynamics - The management of Innogrit believes that enterprise-grade products are less competitive than consumer-grade products due to their long switching cycles and higher reliability standards [3]. - The company has cumulatively shipped over 20 million memory controller ICs, 1 million industry-grade SSDs, and 250,000 enterprise SSDs, indicating a strong market presence [6].