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国产内存巨头启动上市辅导,有望打破行业巨头垄断格局
Xuan Gu Bao· 2025-07-07 23:39
Group 1 - Changxin Storage has initiated the listing guidance with CICC and CITIC Securities as advisory institutions, aiming to enter the capital market [1] - Established in 2016, Changxin Storage focuses on the research, design, production, and sales of DRAM products, with a registered capital of 60.19 billion yuan and a current valuation of 140 billion yuan [1] - The DRAM market is highly concentrated, dominated by Samsung, SK Hynix, and Micron, which hold market shares of 36.5%, 35%, and 21.5% respectively, while Changxin Storage holds approximately 5%-6% [1] Group 2 - In the HBM sector, Changxin Storage's HBM2E samples are expected to be sent to customers in the first half of 2025, with mass production planned for the first half of 2026, targeting a production capacity of about 10,000 wpm by the end of 2026 and expanding to 40,000 wpm by the end of 2028 [1] - Both Changxin Storage and Yangtze Memory Technologies (YMTC) achieved quarterly revenues exceeding 1 billion USD in Q1 2025, marking a significant milestone for domestic storage companies on the global stage [1][2] - The rise of Changxin Storage and YMTC is expected to have a profound impact on the domestic storage industry and the semiconductor sector, enhancing China's position in the global semiconductor supply chain and reducing reliance on imported storage chips [2]