存储芯片缺口严重，涨价！

Core Viewpoint - The demand for storage is being driven by generative AI and large language models, leading to a significant increase in the global storage market, with shortages in DRAM and NAND Flash expected to worsen, resulting in price hikes in Q4 and 2026 [1][2]. Group 1: Market Dynamics - The global cloud service providers (CSPs) have significantly revised their orders for 2026, leading to insufficient inventory from major storage manufacturers, which may not meet future demand [1]. - Traditional HDD manufacturers are reducing production, potentially causing at least six months of supply shortages, which may shift some orders to SSDs, further tightening the NAND supply chain [1]. - Price increases for storage products are anticipated, with DDR5 contract prices expected to rise by 10-15% and spot prices by 15-25%, while DDR4 prices are also projected to increase [1]. Group 2: AI and Storage Demand - NAND controller chip manufacturer Phison has resumed some pricing and increased prices by about 10%, signaling a price increase in the NAND Flash market [2]. - Micron's latest financial report indicates that AI demand is spreading across data centers, PCs, mobile devices, and automotive applications, laying the groundwork for growth in 2026 [2]. - The global server shipment volume is projected to grow by 10% in 2025, with AI server demand being particularly strong, revitalizing traditional server markets [2]. Group 3: Emerging Applications - The introduction of AI technology in product design and manufacturing is expected to enhance productivity by 30-40%, with wafer imaging analysis volume increasing fivefold [2]. - The demand for high-capacity DRAM is rising in smartphones, with one-third of flagship models now featuring over 12GB of DRAM [2]. - The automotive sector's ADAS and AI cabin experiences require more storage, leading to increased demand for high-end DDR5 and LPDDR5 [2].