Flash | 11 Jun 2025 03:33:09 ET │ 12 pages Global Semiconductors Global DRAM Demand Upside from GDDR7 in 2H25E We expect the global memory supply shortage to intensify in 2H25E due to rising GDDR7 demand on the aggressive development of AI inference models and edge AI devices. Along with the tailwind from DRAM content upgrade in upcoming iPhone models in 2H25E, we see GDDR7 and LPDDR5X as additional meaningful growth drivers for 2H25E global DRAM demand. Reiterate Buy on SK Hynix and Samsung Electronics. GD ...