中信证券：DDR4涨幅超预期 预计涨势将延续至Q3 智通财经6月25日电，中信证券研报指出，25Q2主流存储与利基DRAM涨价，我们预计Q2主要存储厂商 收入环比增长，存储模组厂迎来盈利拐点；预计25Q3存储价格有望维持环增态势。 ...

Group 1 - The core viewpoint of the news highlights the financial performance and market position of Silicon Motion Technology Corporation (SIMO), noting a stock price increase and a recent rating upgrade by Bank of America [1][3]. - As of June 25, 2023, Silicon Motion's stock price reached $72.5 per share, with a market capitalization of $2.464 billion [1]. - Financial data shows that for the fiscal year ending March 31, 2025, the total revenue was $166 million, a decrease of 12.05% year-over-year, while net profit attributable to shareholders was $19.463 million, an increase of 21.52% year-over-year [1]. Group 2 - Silicon Motion is a global leader in NAND Flash controller chips, with over 20 years of design and development experience, providing high-performance storage solutions for SSDs and other solid-state storage devices [2]. - The company has shipped over 5 billion NAND Flash controller chips in the past decade, leading the industry in cumulative shipments [2]. - Silicon Motion's controller chips are compatible with various flash memory products from major manufacturers, including Intel, Micron, Samsung, SK Hynix, Toshiba, and Western Digital, supporting a wide range of 3D TLC and QLC products [2].

证券代码：301379 证券简称：天山电子 广西天山电子股份有限公司 4、"灵山基地"的布局以及目前建设进展如何？ 答："灵山基地"聚焦中大尺寸、TFT 车载以及复杂模组专业 显示产品，以满足智能家居、金融数据终端、通讯设备和车载电 子等领域市场需求和解决产能瓶颈，同时满足客户对高端触控显 示模组需求及产品升级。目前，光电触显一体化模组建设项目已 部分进入批量生产阶段，尚处于产能爬坡期，灵山基地新建生产 厂房力争在 2025 年底完成项目建设。 投资者关系活动记录表 2、公司投资的武汉鼎典及新存科技、天链芯半导体是否纳入 公司合并报表范围？对 2025 年的业绩及未来三年有多大贡献？ 答：新存科技、天链芯是公司通过投资的产业基金武汉鼎典投 资的企业，该企业并非公司合并报表范围内的企业。目前，首款 企业级 SSD 应用产品现处于研发、设计阶段，三方共同推进的 PCM 产业化应用将与公司的车载电子、复杂模组业务形成"双驱动"， "灵山基地"也将支持 PCM 存储模组的制造。 3、公司在车载业务方面取得了哪些突破，后续增长动力？ 答：公司的车载显示产品已通过相关车企认证，成功配套比亚 迪、东风、长安等头部车企，产品 ...

Core Viewpoint - Silicon Motion Technology Corp. (SIMO) is a leading provider of storage solutions for SSDs and other solid-state storage devices, with over 20 years of design and development experience in the industry [1][3]. Group 1: Company Overview - Founded in 1995 in Silicon Valley, California, and listed on NASDAQ in 2005, Silicon Motion has established offices in mainland China, Taiwan, Hong Kong, and the United States [1]. - The company specializes in providing storage solutions for various applications, including smartphones, PC data centers, commercial, and industrial control applications [1]. Group 2: Product Development - Based on NAND Flash characteristics, Silicon Motion has developed a combination of controller chip IPs, leading to the design of ICs equipped with firmware controller chip platforms and complete controller chip Turkey solutions [3]. - The company's controller chips are compatible with various flash memory produced by major manufacturers such as YMTC, Micron, Samsung, SK Hynix, KIOXIA, and Western Digital, supporting 128-layer, 176-layer, 196-layer, and higher-layer 3D TLC and QLC products [3]. Group 3: Market Presence and Solutions - Silicon Motion has deepened its presence in the domestic market over the years, collaborating with well-known domestic storage brands to grow and provide high-quality storage products to consumers [4]. - The company offers customized SSD controller chip solutions for enterprise-level storage, with products already deployed in several large data centers in China [4]. - Additionally, Silicon Motion provides high-performance, compact embedded controller chips and single-chip SSD solutions for industrial control and automotive markets, widely used in domestic, American, and Japanese automotive manufacturers [4].

LPDDR4X供应趋紧再度上调现货价格 渠道市场回归理性下DDR4内存条高位横盘 《科创板日报》24日讯，随着原厂减产效果显现，LPDDR4X供应整体满足率偏低，其现货行情仍以资 源导向为主，多数存储厂商坚定涨价态度，本周LPDDR4X产品价格普遍小幅攀升，个别行业DDR4内 存条跟随部分资源涨价也顺势抬高报价；而渠道端因已持续一个多月的上涨行情，近期市场有所降温并 渐趋理性，渠道DDR4价格上涨难度大而普遍高位横盘，但个别产品因前期涨幅过大已出现"有价无 市"的窘境。渠道市场PCB板缺货未能得到有效缓解，DDR4内存条交付期仍然较长，渠道厂商非成品库 存居多。整体来看，渠道内存条、SSD，行业SSD及嵌入式Flash成品均维持平稳。 (闪存市场) ...

每周日至每周四推送明日股市重大公告！内容包含"停复牌、增减持、投资中标、收购、业绩、解禁、 高送转"等一系列个股利好利空公告，其中重要公告均以红色标注，帮助投资者提前寻找到投资热点， 防范各类黑天鹅事件，并且有充足的时间进行分辨和寻找合适的上市公司。 前言 ...

Core Viewpoint - The storage industry is facing both opportunities and challenges this year, with leading companies like 澜起科技 (Lianqi Technology) poised for growth through international expansion and innovation in chip design [1][2]. Group 1: Company Strategy and Goals - 澜起科技 plans to issue H-shares and list on the Hong Kong Stock Exchange to enhance its international strategy and attract talent, aiming to strengthen its core competitiveness [2][3]. - The company’s strategic goal for the next five to ten years is to become a leading international full interconnect chip design company, focusing on high-performance interconnect solutions for cloud computing and AI infrastructure [2][3]. Group 2: Business Performance and Market Outlook - In Q1 2025, 澜起科技 reported sales revenue of 1.139 billion yuan for interconnect chip products, a year-on-year increase of 63.92% and a quarter-on-quarter increase of 17.19%, marking eight consecutive quarters of growth [3]. - The company anticipates strong demand for DDR5 memory interface chips and high-performance interconnect chips, with orders exceeding 1.29 billion yuan for Q2 2025 [3][4]. - In 2024, 澜起科技 achieved revenue of 3.639 billion yuan, a year-on-year growth of 59.2%, and a net profit of 1.412 billion yuan, up 213.1% [4]. Group 3: Market Trends and Projections - The global memory interface chip market is projected to grow from 1.009 billion USD in 2024 to 1.268 billion USD in 2025, with a CAGR of 28.5% from 2025 to 2031 [4]. - By 2028, the global storage interface chip market is expected to reach 19.475 billion yuan, driven by the increasing penetration of DDR5 technology [4]. Group 4: Competitive Position - 澜起科技 holds a 43.35% market share in the memory interface chip sector as of 2023, with significant clients including major DRAM manufacturers like Samsung, SK Hynix, and Micron [5]. - The company's successful listing and financing are expected to enhance its brand and technical barriers, facilitating further business expansion [5].

电子行业：部分存储涨价，AI 和国产化驱动行业增长 20250622 摘要 DRAM 市场预计 2025 年二至三季度持续上涨，受原厂停产 DDR3/ DDR4、补货需求及关税政策影响，服务器 DDR4 模组及消费电子 DDR4 颗粒涨幅显著。NAND Flash 方面，二季度受国际形势影响价格 上涨，三季度企业级 SSD 需求将成主要支撑。 AI 技术驱动存储市场高速增长，预计全球 AI 驱动存储市场将从 2024 年 的 287 亿美元激增至 2034 年的 2,552 亿美元，年复合增长率达 22.4%。中国存储产业链有望受益于 AI 自主可控政策，在利基 DRAM、NAND 和 NOR Flash 领域持续开拓。 HBM 相较传统内存具备更高带宽、更低功耗等优势，为端侧 AI 提供更 适配的存储方案。预计 2025 年 HBM 占据全球 DRAM 总产能比例超 10%，产值占比超 30%，市场规模预计从 2024 年的 6,979 亿增长到 2029 年的 8,934 亿，年复合增长率约为 5%。 CXL 技术通过内存池化等特性改善计算系统内部组件间通讯效率，预计 到 2028 年 CXL 新增市场规 ...

[Table_IndNameRptType] 电子 行业周报 电子行业周报：国产存储双雄崛起，存储芯片国产化持续进行 [Table_IndRank] 行业评级：增持 报告日期：2025-06-22 [Table_Chart] 行业指数与沪深 300 走势比较 [Table_Author] 分析师：陈耀波 执业证书号：S0010523060001 邮箱：chenyaobo@hazq.com [Table_Author] 分析师：李美贤 执业证书号：S0010524020002 邮箱：limeixian@hazq.com [Table_Author] 分析师：刘志来 执业证书号：S0010523120005 邮箱：liuzhilai@hazq.com 相关报告 主要观点： ⚫[Table_Summary] 本周行情回顾 从指数表现来看，本周（2025-06-16 至 2025-06-20），上证指数周涨 跌-0.57%，深证成指涨跌幅为-0.46%，创业板指数涨跌幅-0.88%，科 创 50 涨跌幅为-1.47%，申万电子指数涨跌幅-2.17%。板块行业指数 来看，表现最好的是 LED，跌幅为 0.46%，集成电 ...

证券研究报告 行业研究 2025 年 6 月 20 日 5 月至今存储价格加速上涨价 行业景气持续 核[心T观ab点le：_Summary] 风险提示： 上述观点主要根据过去数据分析得出，可能因为后续产能出清不理想、下游需求 不如预期，而出现最终结果与分析预测结论相背离的情况。仅供投资分析时参考。 第一创业证券研究所 证书编号：S1080524120001 邮箱：guoqiang@fcsc.com 请务必阅读正文后免责条款部分 第 1 页 共 7 页 今年 3~4 月份以 Scandisk 为代表的存储厂率先涨价，此后三星电子、SK Hynix 进行减产，并在 5 月份显著提升存储的出货价格，其中有报道称三星将 DDR4 的价格提高约 20%，DDR5 价格提升大约 5%。SK Hynix 将 DRAM 价格上调 12%。 由此 5 月下旬至今存储市场价格加速上涨价，目前价格相对于今年 2 月低点， DDR4 16GB 的价格已经上涨超过 100%，DDR5 16GB 的价格上涨超过 25%，并都 创出 2024 年以来的价格新高。 分析师：郭强 电话：0755-23838533 从存储涨价的驱动因素看，供应 ...