存储巨头，看好NAND！

Core Viewpoint - Kioxia Holdings expects a strong demand for NAND storage driven by the expansion of artificial intelligence data center operators, projecting an annual growth rate of approximately 20% [1]. Group 1: Company Insights - Kioxia's core product is NAND flash memory, widely used in smartphones, laptops, and high-speed access in data centers [1]. - The company has seen its stock price increase over threefold since its listing in Tokyo last December, alongside other major players like Samsung and SK Hynix, as investors seek beneficiaries of the AI infrastructure boom [1]. - Kioxia is actively investing in its core wafer fabs in Kitakami and Yokkaichi, aiming to double the storage capacity of these facilities over the next five years starting from fiscal year 2024 [2]. Group 2: Market Trends - The global data center construction is accelerating, and NAND chip prices are expected to gradually recover from the post-pandemic slump, particularly in a market that has faced challenges from slowing demand for smartphones and PCs [2]. - According to TrendForce, NAND flash prices are projected to increase by 5% to 10% quarter-on-quarter in the October to December period [2].