存储产品新一轮涨价潮开启？美光暂停报价

Core Viewpoint - The demand for large-capacity storage is increasing due to the shift of AI from training to inference and edge devices, leading to supply tightness and price adjustments in the market [1][2][3]. Group 1: Company Actions - Micron has decided to suspend all product quotations for DDR4, DDR5, LPDDR4, and LPDDR5 storage products for one week, with potential price increases of 20%-30% expected [1]. - SanDisk has also announced a 10% price increase across all channels and consumer products, following a previous increase in April, indicating strong demand for NAND flash products [2]. Group 2: Market Dynamics - The price increases by Micron and SanDisk are driven by strong downstream demand rather than cost pressures, with AI applications and data centers significantly boosting storage needs [2][3]. - The industry is experiencing structural changes in demand, with a shift towards high-capacity storage products due to the rapid rise of AI inference [2][3]. Group 3: Supply and Demand Factors - Supply constraints are evident as NAND producers are reallocating production to next-generation nodes, leading to a shortage of low-density chips, while some suppliers face financial difficulties that hinder production expansion [3]. - The storage industry is witnessing a rebalancing of supply and demand, with a recovery in demand from consumer terminals and rapid growth in AI and data center applications driving price normalization and dynamic pricing [3]. Group 4: Technological Advancements - Technological advancements are reshaping product value, with NAND moving towards ultra-high stacking and DRAM evolving towards high bandwidth memory (HBM), which enhances product value [3]. - The application of storage is becoming central to AI infrastructure, creating strong demand in areas like tiered storage and trusted storage [3]. Group 5: Competitive Landscape - The competitive landscape is shifting from traditional scale competition to technology-driven competition, with international giants maintaining pricing power while Chinese manufacturers accelerate domestic substitution [3].