电子行业周报：WSTS调高全球半导体销额预期，二季度存储产业链持续回暖

Investment Rating - The report maintains an "Outperform" rating for the electronic industry, indicating expected performance above the market index by more than 10% [5][39]. Core Views - The global semiconductor sales forecast for 2025 has been raised to $700.9 billion, reflecting an 11.2% year-on-year growth, with continued growth expected in 2026 [2]. - The semiconductor market is experiencing expansion driven by demand from AI, cloud infrastructure, and advanced consumer electronics, with specific focus on ASIC, storage, and edge-side innovations [1][2]. - The report highlights a recovery in the storage industry, particularly with DDR4 prices expected to rise by 18-23% for server modules and 13-18% for PC modules in Q2 2025 [3]. - The AI infrastructure is identified as a high-growth investment theme, with significant developments in ASIC services and networking chips [4][8]. Summary by Sections Market Trends - The electronic sector saw a 3.60% increase, with components rising by 7.46% and electronic chemicals by 1.53% over the past week [12]. - The semiconductor sector is projected to maintain double-digit growth in 2025, particularly in logic and memory segments due to sustained demand [2]. Key Companies and Recommendations - The report recommends focusing on companies such as 德明利 (Demingli), 圣邦股份 (Saintbond), and 翱捷科技 (Aojie Technology) for their strong market positions in the semiconductor and storage sectors [2][3]. - Notable companies with an "Outperform" rating include 中芯国际 (SMIC), 蓝思科技 (Lens Technology), and 小米集团 (Xiaomi Group), with expected earnings per share (EPS) growth in the coming years [11]. Investment Opportunities - The report emphasizes the importance of monitoring developments in AI applications and related hardware innovations, particularly from major events like Apple's WWDC and Huawei's product launches [1][8]. - The ongoing recovery in the storage market, driven by AI server demand and reduced production from suppliers, presents investment opportunities in related companies [3].