存储芯片缺货潮再升级

Core Viewpoint - The AI boom has created a significant demand for storage, leading to a supply-demand gap in the global storage market, particularly in the DRAM and NAND flash sectors, with prices expected to rise further in Q4 2023 and 2026 [3][4]. Group 1: Supply and Demand Dynamics - The major storage manufacturers (SK Hynix, Micron, Samsung) are experiencing insufficient inventory due to a substantial increase in orders from global cloud providers, which may lead to an inability to meet future customer demands [3]. - Traditional HDD manufacturers are reducing production, potentially causing at least six months of supply shortages, which may shift some orders to SSDs, exacerbating the tightness in the NAND supply chain [3]. Group 2: Price Adjustments and Market Trends - Several storage companies, including SanDisk, Micron, Samsung, and Western Digital, have announced price increases, with Adata halting DDR4 pricing and prioritizing DDR5 and NAND flash for key customers [4]. - The NAND flash control chip manufacturer Phison has resumed some pricing with an approximate 10% increase, signaling a price rise in the NAND flash market [4]. - Analysts predict that the price increases for storage products in Q4 2023 are inevitable, with expected rises of 10%-15% for DDR5 contract prices and 15%-25% for spot prices, alongside over 10% increases for DDR4 [4]. Group 3: Future Outlook and Investment Opportunities - Micron's recent financial report indicates that AI demand is spreading across various applications, including data centers, PCs, mobile devices, and automotive sectors [5]. - The urgent profitability needs of overseas storage manufacturers, combined with the high demand for enterprise storage products, suggest a potential recovery in DRAM and NAND Flash contract prices starting from Q2 2023 [5]. - Companies such as Jiangbolong, Demingli, Zhaoyi Innovation, Shannon Semiconductor, Kaipu Cloud, Lanke Technology, Dongxin Co., and Purun Co. are recommended for investment due to the anticipated improvement in the storage industry chain's performance [5].