Micron Technology(US:MU) 新华网财经·2025-10-30 05:17Core Viewpoint - The price of memory modules has surged significantly, with reports indicating a doubling in price over the past month, driven by supply constraints and increased demand for high-bandwidth memory (HBM) due to AI applications [1][4][7]. Price Trends - In Hangzhou, the price of memory modules has increased from over 200 yuan to more than 400 yuan, and from over 1000 yuan to nearly 2000 yuan [1]. - In Changsha, the price increase for memory modules has been reported at around 200% [1][3]. - Other storage devices, including flash memory, solid-state drives, and mechanical hard drives, have also experienced price hikes, with a 4TB hard drive's price rising from over 500 yuan to more than 700 yuan [3]. Market Drivers - The increase in DRAM prices is attributed to supply tightness, primarily driven by the surging demand for HBM, which consumes more than three times the wafer capacity of standard DRAM [4]. - Major tech companies, including Google, Amazon, Meta, and Microsoft, are projected to invest $400 billion in AI infrastructure this year, further fueling demand for memory products [4]. - According to TrendForce, DRAM prices are expected to rise by 171.8% year-on-year by Q3 2025 [4]. Industry Insights - The storage industry is entering a new upcycle, with recovering server demand and the rollout of AI servers being the core drivers of the current price increases [7]. - The demand for memory capacity for large model training and inference is expected to exacerbate the shortage of HBM and DDR5 memory, impacting the entire storage supply chain [7]. Company Responses - Xiaomi's founder attributed the significant price differences between different versions of the Redmi K90 smartphone to rising storage costs, which are expected to continue increasing [5]. - Xiaomi's president noted that the company cannot alter global supply chain trends, indicating that rising storage costs are exceeding expectations and will persist [5].