Core Viewpoint - The current situation in the storage industry shows that some original manufacturers' DRAM and Flash products have suspended pricing, leading to significant price volatility and impacting the domestic supply chain [1] Industry Impact - Some companies, like Jiangbolong, have inventory and are experiencing a positive effect on gross margins due to upstream price increases [1] - Purun Co. has noted supply tightness starting from the recent fourth quarter and is considering negotiating price increases with downstream partners [1] - Shannon Chip's impact from upstream price increases is minimal on gross margins, with the primary effect stemming from changes in volume [1]

Core Viewpoint - The supply of LPDDR4X is tightening, leading to a slight increase in spot prices, while the DDR4 memory market is stabilizing at high levels due to a rationalization in the channel market [1] Group 1: LPDDR4X Supply and Pricing - The overall supply satisfaction rate for LPDDR4X is low, with manufacturers maintaining a strong attitude towards price increases [1] - This week, LPDDR4X product prices have generally seen a slight rise, with some DDR4 memory prices also increasing in response to resource price hikes [1] Group 2: DDR4 Memory Market Dynamics - The channel market has experienced a cooling trend after over a month of price increases, leading to a more rational pricing environment [1] - The difficulty in raising DDR4 prices in the channel market has resulted in a general stabilization at high levels, although some products have faced a "price without market" situation due to previous significant price increases [1] Group 3: Market Conditions and Inventory - The shortage of PCB boards in the channel market has not been effectively alleviated, resulting in longer delivery times for DDR4 memory [1] - Channel manufacturers are holding a significant amount of non-finished goods inventory, while the overall market for memory bars, SSDs, and embedded Flash products remains stable [1]