存储芯片价格上涨

Search documents
中信证券:Q2主流存储与利基DRAM涨价 存储模组厂迎来盈利拐点
智通财经网· 2025-06-25 00:54
Core Insights - The report from CITIC Securities indicates that mainstream storage and niche DRAM prices are rising, with expectations for revenue growth among major storage manufacturers in Q2 2025 and a profitability turning point for storage module manufacturers [1] - It is anticipated that storage prices will maintain an upward trend in Q3 2025, particularly for DDR4 and DDR5 memory [3] Price Review - DRAM prices have shown a moderate increase for DDR5, while DDR4 prices have surged due to accelerated production cuts by manufacturers, with DDR5 contract prices rising approximately 2% and DDR4 prices increasing by 30% on average in May [1][2] - The average price increase for DDR4 8/16Gb chips in May exceeded 30% due to urgent procurement by downstream customers [1] NAND Flash Market - The reduction in production by manufacturers has led to a mild increase in NAND Flash prices, with TLC wafer prices rising by 6% to 14% in March, and SSD prices following suit [2] - Demand for enterprise SSDs continues to rise, particularly from North American CSP manufacturers [2] Price Outlook - For Q3 2025, DDR5 and NAND prices are expected to rise moderately, while DDR4 prices are projected to increase by 8% to 13% [3] - TrendForce forecasts that DDR4 PC/server memory module prices will rise by 18% to 23% and 8% to 13% respectively in Q3 2025 [3] - NAND Flash wafer prices are expected to increase by 3% to 8% in Q2 and 5% to 10% in Q3 2025 [3] Module Pricing - DDR5 memory prices have remained stable, while DDR4 prices have surged by 20% to 64% in the industry and channel markets [2] - SSD prices have seen a slight decline of 3% to 0% in the same period, while mobile storage prices have increased moderately by 0% to 14% [2]
存储行业跟踪报告:AI需求持续高景气,存储涨价仍在进行时
KAIYUAN SECURITIES· 2025-06-13 08:42
Investment Rating - The industry investment rating is "Positive" (maintained) [1] Core Viewpoints - The report indicates that the price cycle, AI industry trends, and tariffs are expected to drive continuous increases in storage chip prices. DRAM and NAND prices have shown an upward trend, with significant price increases reported in May and June 2025. Major storage manufacturers have announced production cuts, while demand from cloud service providers remains robust, leading to a sustained expansion of the storage market [3][4]. Summary by Sections Price Trends - DRAM prices have risen significantly, with the price of 8GB DDR4 memory chips increasing from $1.65 in April to $2.10 in May, representing a 27% increase. In June, prices continued to rise, with Micron reporting a 50% price jump for DDR4. Samsung's 8GB DDR4 chips reached $4.8, well above the average of $3.3. The report anticipates a quarterly price increase of 18%-23% for server DDR4 and 13%-18% for PC DDR4 due to production cuts and tariffs [4]. Demand Drivers - The storage module is crucial in the AI industry, with strong demand from data centers and servers. Overseas cloud providers maintain high capital expenditures, and domestic cloud firms are increasing their investments, which is expected to boost the market for storage modules. The report highlights that the domestic market is likely to see a dual benefit of market scale and increased localization rates [5]. Beneficiary Companies - The report identifies several companies that are expected to benefit from these trends, including storage module manufacturers such as Demingli, Jiangbolong, and Baiwei Storage, as well as advanced storage firms like Zhaoyi Innovation and Hengshuo Co. Additionally, edge-side NAND/Nor flash manufacturers such as Zhaoyi Innovation and Beijing Junzheng are also highlighted [6].
存储现货消费端DRAM资源供应紧张 本周行业DDR4和低容量LPDDR4X价格上涨
news flash· 2025-05-06 07:23
Core Insights - The storage manufacturers have announced a reduction and transition in production of DDR4 and LPDDR4X for over six months, leading to significant adjustments in capacity [1] - The current supply of certain DDR chips and LPDDR4X resources in the spot market is tight, indicating a shift in market dynamics [1] - Mobile clients have maintained relatively healthy inventory levels, while PC OEMs have gradually reduced their inventory after a prolonged adjustment period [1] - Recent replenishment of inventory by mobile and PC end customers has driven an increase in prices for DDR4 and low-capacity embedded LPDDR4X this week [1]