公众号记得加星标⭐️，第一时间看推送不会错过。 如果你想涉足DRAM和闪存市场，最好做好承受过山车般波动的准备。因为这些行业的繁荣与萧条周 期，真可谓惊心动魄。 正当GenAI市场在2022年11月迎来ChatGPT主流化的关键时刻时，此前近三年受新冠疫情推动的个 人和数据中心基础设施建设热潮不仅没有消退，而且随着整个IT行业需求的萎缩，DRAM和闪存的价 格也下跌了一半甚至更多。内存和闪存厂商遭受重创，库存积压严重。 如今推动 GenAI 繁荣发展的超大规模数据中心运营商、云构建商和模型构建商可能都希望自己有时 光机，因为现在对 DRAM 和闪存的需求远远超过了供应，价格再次飙升至天价。 在DRAM方面，全球超过一半的服务器需要配备数百GB的HBM堆叠式内存，以满足数百万台服务器 的需求。为了制造八个高HBM3内存堆叠，每个最终能正常工作的堆叠都需要消耗三个DRAM芯片， 因为堆叠过程中经常会出现问题，而且无法将废弃堆叠中的内存拆解并重新利用。堆叠越高，获得正 常工作的堆叠就越困难，良率也越低，而且随着每一代新的HBM的出现，其固有的良率也在不断降 低。因此，尽管HBM需求旺盛，但它会消耗大量的芯片，而这些 ...

SK 海力士正寻求重组其收购的英特尔 NAND 闪存工厂和 SSD 业务 Solidigm，并投资美国人工智能相关企业，以加强其内存产品在所 生产的系统和产品中的作用。 该公司正计划在美国成立一家名为AI Co.的新公司，以拓展其在美业务。AI Co.（暂定名）将是一家位于加州的新运营实体，取代 Solidigm。现有的Solidigm NAND和SSD业务将转移至一家名为Solidigm Inc.的新子公司，"以确保品牌延续性"。 SK海力士表示："凭借其无与伦比的芯片技术，例如HBM，这家存储芯片制造商将努力在为人工智能数据中心领域的客户提供优化的 人工智能系统中发挥关键作用。公司还将继续对人工智能公司进行战略投资和合作，以增强其在存储芯片领域的竞争力，并提供一系 列人工智能数据中心解决方案。" SK海力士将向AI公司投资100亿美元，资金将以资本募集的方式进行部署。 为配合其人工智能战略，SK海力士正考虑投资美国创新型企业，并通过旗下AI公司与其合作，以期与SK集团旗下其他公司形成协同效 应。该公司希望拓展其人工智能产品线，从DRAM、HBM和NAND芯片/SSD等现有产品入手，从而提高其芯片和SSD在 ...

Group 1 - SK Hynix announced the establishment of a new U.S.-based company focused on artificial intelligence solutions, committing at least $10 billion to capitalize on AI growth opportunities [1] - The new entity, tentatively named "AI Company or AI Co.," will act as a hub for SK Group's AI strategies and aim to accelerate technology in global markets [1] - SK Hynix has become a significant player in the AI sector due to its leadership in high-bandwidth memory (HBM) chips, which are essential for AI chipsets like those from Nvidia [2] Group 2 - The U.S. expansion of SK Hynix is in response to increasing investments in AI by other tech giants, leading to heightened demand for memory chips [2] - The new "AI Company" will be created by restructuring Solidigm, a California-based subsidiary focused on enterprise solid-state drives (SSDs) established in 2021 [2] - Operations of Solidigm will be transferred to a new entity named Solidigm Inc., with planned investments in AI Co. to be deployed on a capital-call basis, including strategic investments in American AI firms to enhance synergies across SK Group affiliates [3]

Core Insights - The article highlights the transformative impact of AI, big data analytics, and edge computing on the global technology industry, marking a significant shift in technological innovation and product breakthroughs [2] - TrendForce hosted the "2026 Top Technology Market Trends Forecast and TechFuture Awards 2025," presenting key insights into various technology sectors including semiconductor manufacturing, storage, AI servers, and more [2][4] Group 1: Award Winners and Innovations - Taiwan Semiconductor Manufacturing Company (TSMC) received the "AI Integrated Manufacturing Benchmark Award" for its revolutionary CoWoS technology, which supports the rapid growth of the AI industry through advanced packaging solutions and capacity expansion [5][6] - Samsung was awarded the "High-Performance Storage Leadership Award" for its advancements in storage technology that enhance capacity and performance, catering to mobile and AI computing needs [8][9] - Solidigm won the "Liquid Cooling Storage Technology Pioneer Award" for introducing the world's first enterprise SSD with direct liquid cooling, addressing heat management challenges in data centers [11][12] - Yangtze Memory Technologies Co., Ltd. received the "Flash Memory Reliability Breakthrough Award" for its Xtacking® architecture, which sets new standards for reliability and data durability in 3D NAND flash technology [14] - KIOXIA was honored with the "Annual Storage Outstanding Innovation Award" for its high-capacity NVMe SSD, which simplifies deployment and reduces power consumption in AI training scenarios [16][17] - SanDisk was recognized with the "Flash Memory Technology Innovation Award" for its new storage solutions that enhance flash memory performance through innovative stacking techniques [19] - Huawei was awarded the "AI Server Excellence Contribution Award" for its dual-engine approach in AI servers, enhancing computational efficiency and reliability [22] - Innoscience Technology was recognized with the "China Power Semiconductor Pioneer Award" for its leadership in GaN technology, driving efficiency in various applications [24] - Trina Storage received the "Annual AIDC Green Energy Cornerstone Award" for its zero-carbon data center project, showcasing sustainable energy solutions [26] - Pasoni Sensory Technology was awarded the "AI Robotics Key Technology Award" for its advancements in tactile perception technology for humanoid robots [29] Group 2: Future Outlook - The TechFuture Awards not only celebrate the achievements of the past year but also emphasize the industry's commitment to innovation and the pursuit of a sustainable, intelligent future [31]

Core Insights - The MTS2026 Memory Trend Seminar will be held on November 27, 2025, in Shenzhen, featuring discussions on the storage industry in the AI era, including topics like wafer foundry, DRAM, NAND Flash, and SiC/GaN technologies [2][4][19]. Speaker Lineup - Notable speakers include executives from major companies such as Intel, Huawei, Solidigm, and others, who will present on various themes related to advanced data storage and AI [4][5][6][10]. Agenda Overview - The seminar will feature a series of keynote speeches, including topics like the impact of AI on wafer foundry dynamics, the role of Intel's Xeon processors in cloud intelligence, and the future of AI storage [9][10][11]. - The event will also include a TechFuture Awards ceremony and discussions on market trends and innovations in storage technology [10][11]. Event Details - The seminar is scheduled for November 27, 2025, from 9:00 AM to 5:30 PM at the Shenzhen Renaissance Hotel [9][14].

Group 1 - The storage chip sector experienced a collective rise, with companies like ShenGong Co. and Yingtang Zhikong hitting the daily limit, while others like Purun Co. and Shannon Chip also saw significant gains [1] - SanDisk, a leader in flash memory, announced a substantial price increase of up to 50% for NAND flash contracts, prompting companies like Transcend and ADATA to halt shipments and reassess pricing [1] - SanDisk's Q1 FY2026 revenue reached $2.308 billion, a 23% year-over-year increase, with NAND product demand exceeding supply and inventory turnover days decreasing from 135 to 115 days [1] Group 2 - The average stock price of storage-related companies has risen by 85.43% this year, with Demingli, Dongxin Co., and Jiangbolong leading with increases of 355.04%, 264.46%, and 230.31% respectively [2] - In November, seven storage concept stocks were investigated by institutions, with companies like Kechuang Data and Fudan Microelectronics receiving significant attention [2] - Kechuang Data reported a revenue of 8.331 billion yuan for the first three quarters of the year, a 54.43% increase year-over-year, benefiting from the rapid growth of AI services and a favorable storage market [2] Group 3 - Among storage concept stocks, companies like Lanke Technology, Unisoc, and Zhaoyi Innovation reported net profits exceeding 1 billion yuan in the first three quarters [3] - More than half of the storage concept stocks received increased financing in November, with six stocks seeing net purchases exceeding 100 million yuan, including Jiangbolong and Demingli [3]

Core Viewpoint - The article discusses the recent news regarding SK Hynix's potential sale of Solidigm shares due to unfavorable IPO conditions, while SK Hynix asserts that Solidigm is performing well and has optimistic future expectations [2]. Group 1: Company Overview - Solidigm is an American company established by SK Hynix in 2021, aimed at acquiring Intel's NAND flash memory business [4]. - The company focuses on the planning, design, and sales of solid-state drives (SSDs) based on NAND flash memory [4]. Group 2: Acquisition Details - SK Hynix agreed to acquire Intel's NAND flash and SSD business for approximately $9 billion in 2020, completing the transaction in two phases [4]. - The first phase was completed in December 2021, where SK Hynix acquired Intel's SSD business unit and a NAND flash manufacturing plant located in Dalian, China, and established Solidigm to operate this business [4]. - The second phase occurred in the first half of this year, where SK Hynix paid the remaining approximately $1.9 billion to Intel, finalizing the acquisition of remaining tangible and intangible assets, including intellectual property related to NAND flash wafer design and manufacturing, as well as personnel from the Dalian wafer plant [4].

Core Viewpoint - SK Hynix is not considering selling its stake in Solidigm, despite rumors of poor IPO performance, as Solidigm's current performance and future outlook are optimistic [2]. Group 1: Company Overview - Solidigm, established by SK Hynix in 2021, focuses on the planning, design, and sales of SSDs based on NAND flash technology, following the acquisition of Intel's NAND flash business for approximately $9 billion [2]. - The acquisition was completed in two phases, with the first phase finalizing in December 2021 and the second phase in mid-2023, which included the payment of around $1.9 billion for remaining assets [2]. Group 2: Product Development - Solidigm announced its SSD roadmap, planning to launch high-capacity QLC SSDs of 61.44TB and 122TB in July 2023 and November 2024, respectively, utilizing 192-layer QLC 3D NAND flash [3]. - The company aims to develop next-generation products that exceed 200 layers, addressing the competitive landscape where other NAND suppliers have surpassed 200 layers [5][8]. Group 3: Market Position and Strategy - Solidigm emphasizes the importance of storage in AI infrastructure, stating that maximizing GPU utilization is critical, and storage solutions are becoming increasingly vital [4]. - The company has established strong partnerships across various industries, securing numerous design projects, including collaborations with leading cloud and storage OEMs [4]. Group 4: Technology and Innovation - Solidigm's product lineup includes both floating-gate and charge-trap technologies, which are seen as key advantages in meeting diverse workload requirements [8]. - The company has successfully shipped over 120EB of QLC products since 2018, showcasing its expertise in this challenging technology [5]. Group 5: Future Outlook - Solidigm plans to deliver a 245TB SSD by the end of 2026, which will utilize NAND flash produced in Dalian and will incorporate its proprietary technology [9]. - The company is also exploring the potential of PLC flash technology, indicating a willingness to adapt to market demands and customer needs [9].

Core Viewpoint - There are speculations that SK Hynix may sell its U.S. subsidiary Solidigm, with insiders suggesting that selling could be the best option for the company [2][3]. Group 1: Company Background - Solidigm was established in 2021 by SK Hynix to acquire Intel's NAND flash memory business, focusing on the planning, design, and sales of NAND flash-based solid-state drives (SSDs) [2]. - The acquisition of Intel's NAND and SSD business was completed in two phases, with a total transaction value of approximately $9 billion, including the establishment of Solidigm to operate the acquired business [2]. Group 2: Challenges and IPO Plans - SK Hynix initially aimed to integrate production and sales within Solidigm and planned for an IPO in the U.S., but regulatory challenges regarding the Chinese subsidiary complicated this plan [3]. - As a result, Solidigm currently operates primarily as a sales-focused entity without production capabilities, which diminishes its attractiveness for an IPO [3]. - Despite these challenges, some industry insiders believe that Solidigm could still pursue a listing on NASDAQ if its performance improves significantly over the coming quarters [4].

Core Insights - The enterprise SSD market in China is projected to reach $9.1 billion by 2029, driven by increased capacity and reduced costs, which will accelerate the replacement of HDDs [1] - The domestic storage industry is expected to benefit from policy support and technological innovations, narrowing the gap with international brands [1] Group 1: Market Growth and Trends - The enterprise SSD market in China is forecasted to grow to $6.25 billion in 2024, representing a year-on-year increase of 187.9% [1] - The demand for enterprise SSDs is expected to rise due to the limitations of HDDs in meeting the storage needs driven by AI and data center requirements [2] Group 2: Technological Advancements - AI servers require higher storage capacities, with enterprise SSDs in AI servers valued at over three times that of general servers [3] - The shift towards larger capacity SSDs (4TB, 8TB, and above) is essential for meeting the rigorous demands of AI training and inference processes [3] Group 3: Competitive Landscape - Solidigm and Samsung are the global leaders in the enterprise SSD market, with Samsung facing challenges from domestic competitors and cost pressures [4] - Domestic storage companies are expected to increase their market share through innovations in large-capacity products and localized services [4]