Core Viewpoint - The article discusses a patent dispute between two leading companies in the domestic storage industry, Shenzhen Jiangbolong Electronics Co., Ltd. and Shenzhen Baiwei Storage Technology Co., Ltd., highlighting the implications for the industry and the ongoing trends in patent litigation and technology competition [1][2]. Group 1: Patent Dispute Details - Jiangbolong's subsidiary, Yuan Yuzhi Technology, filed a lawsuit against Baiwei Storage for patent infringement, seeking compensation of 1.21685 million yuan [1]. - The patents in question relate to core technologies for eMMC storage devices, originally owned by Nokia and later transferred to Jiangbolong's affiliates [1]. - Baiwei Storage asserts its compliance with FRAND principles during negotiations and claims insufficient legal basis for the lawsuit [1]. Group 2: Financial Impact and Industry Trends - The amount in dispute represents only 0.79% of Baiwei Storage's Q1 2025 revenue of 1.543 billion yuan, indicating a limited immediate financial impact [2]. - The eMMC technology at the center of the dispute is a mainstream solution in the embedded storage market, with Baiwei Storage's revenue in AI edge storage exceeding 1 billion yuan in 2024, reflecting a 294% year-on-year growth [2]. Group 3: Legal Considerations - The case may focus on three key legal issues: whether the implementation of standard-essential patents constitutes infringement, the reasonableness of licensing fees under FRAND principles, and the conditions for applying injunctions [3]. - Baiwei Storage plans to file for a declaration of patent invalidity and continue developing high-end products like LPDDR5X and PCIe5.0 [3].

6月24日，我市举行2025年节能宣传周启动仪式，《武汉产业能效指南（2025版）》 （以下简称《指南》）正式发布，标志着武汉能效管理有了新"标尺"，为全市产业绿色转型 提供了精准的量化依据与坚实的技术支撑。 据悉，新版《指南》共分行业、产品、设备能效水效三个部分。共收集获取全市33个行 业大类和150个行业中类的产值及能耗相关数据，形成了覆盖150个行业中类、94项主要产 品、73类用能设备的完整能效指标体系。 市节能监察中心相关负责人介绍，新版《指南》首次补充锂离子电池、光伏电池、新能 源汽车和氢能等新兴产业产品能效指标，实现传统产业与新兴产业的能效协同管理。数据显 示，目前，我市钢铁行业吨钢综合能耗指标较2020年下降11%，而光纤、锂离子电池、存储 芯片、啤酒、瓦楞原纸等部分领域的生产能耗标准更是达到国内先进水平。 据介绍，去年以来，我市出台《武汉市推动大规模设备更新和消费品以旧换新实施方 案》，实施工业重点行业设备更新、消费品以旧换新、标准衔接提升行动等八大行动，为产 业升级注入新动能。新版《指南》体现落实国家政策新导向，列出了变压器等通用设备最新 能效标准指标，同时增加了服务器、通信基站和光伏组件 ...

价格展望：预计25Q3 DDR5、NAND温和上涨，DDR4涨幅8%~13%。 DRAM：DDR5温和上涨，DDR4受原厂加速减产影响涨幅超预期。1)DDR5：5月现货环比+2%，6月至 今低个位数涨幅。颗粒现货和合约价格保持温和上涨，4-5月DDR5 8Gb合约价上涨约2%，DDR5 16Gb 现货价上涨约7%。2)DDR4：5月现货环比+9%~+37%，6月至今涨幅达17%~37%。海外大厂聚焦高利润 率的DDR5、HBM，压缩DDR3/DDR4供给，TrendForce预计最后出货时间为2026年初。25Q2，随着原 厂加速退出DDR4供应、下游紧急拉货，5月DDR4 8/16Gb颗粒现货价格平均涨幅超30%。 NAND Flash：原厂减产效果已显现，价格温和上涨。5月NAND Flash(Wafer) TLC价格环比涨幅低个位 数，6月至今价格基本保持稳定。海外大厂自2024年12月以来陆续公告减产10%~15%，同时加快将产能 向200层以上产品迁移，进而减少低价产品的供应量，3月TLC价格转涨(涨幅6%~14%)、SSD同步上 涨，行业供需在25Q1加速平衡。需求方面，北美CSP厂商持续投入，带 ...

Core Viewpoint - The semiconductor industry, particularly the DRAM and NAND markets, is experiencing significant price fluctuations due to supply-demand dynamics and market reactions to manufacturers' announcements regarding product lifecycle changes. DRAM Market Analysis - In Q1 2025, the DRAM market entered a seasonal downturn, with server DDR5 prices dropping by 5% to 8%, and mobile LPDDR4 and LPDDR5 prices decreasing by approximately 10% [1] - The PC DRAM segment also saw a price decline of around 10% [1] - By Q2, the server DRAM market showed limited price decline due to strong demand from the Chinese market and North American companies, resulting in a price stabilization or slight decrease of 2% to 3% [2] - Mobile DRAM prices rebounded by 5% to 10% due to supply constraints as international manufacturers exited the market [2] - The PC DRAM market experienced a price increase of 5% due to heightened inventory purchasing driven by tariff concerns [3] - DDR4, once in oversupply, saw a dramatic price increase after Micron announced its EOL, leading to panic buying and a doubling of prices in the market [4] - By mid-2025, DDR4 prices are expected to peak, with current prices around 130 for DDR4 and 140 for DDR5 [4] NAND Market Analysis - In March, Sandisk announced production cuts and price increases, impacting the market, with Q1 showing many suppliers nearing breakeven [6] - NAND prices for mobile products fell by 3% to 5%, while PC NAND prices increased by 5% to 10% due to inventory buildup [6] - The outlook for Q3 is optimistic, with expected price increases of around 5% for PC and enterprise SSDs, while mobile NAND prices may stabilize or see slight increases [6] - By Q4, NAND prices are anticipated to remain stable, with potential adjustments in enterprise SSD pricing [6] Supply Chain and Demand Dynamics - Tariff concerns have led to increased purchasing activity in the PC segment, particularly among North American users and distributors [7] - The demand for storage servers is growing, driven by companies like Alibaba and Tencent, which are increasing their server procurement significantly [9] - Despite DDR4's declining market share, its absolute demand remains strong due to specific needs in the storage server market [9] - The storage server market is characterized by a mix of SSD and HDD usage, with a ratio of approximately 1:4, and the demand for storage is not solely driven by AI but also by regulatory requirements for data retention [8]

反转来的真快，伊朗以色列已经停火，这个事件已经告一段落。 彻底没有了关闭海峡的担忧，原油暴跌，股市大涨。 原油的催化比较直接，股市大涨的催化会比较绕。 大家好，下面是6月24号指汇盈工具策略复盘。 这次老特这么积极，主要也是真的怕油价反弹，油价一涨，通Z就会上去，想要降息就更加难了。这边又继续炮轰鲍威尔，称鲍威尔是太晚先生，欧洲已经 降息了10次，而美联储还为0次。 应该至少降低2到3个百分点，每年将为美国节省8000亿美元。 如果后面形势转差，那就再加息。 美联储已经有两位理事，提到了不排除7月降息的可能性。 其中一个鲍曼，在资讯出场率好像挺高的，这次她认为关税带来的价格上涨压力视乎以被抵消，中东冲突可能会推高大宗商品，若通Z持续下降或劳动力市 场疲软，可能会降息。 而鲍曼其实是高度重视通Z压力的，而美联储鲍威尔也是因为通Z迟迟不肯降息。 现在前者已经松口，市场预期7月降息的概率会提高，从前一日21%的概率提升至25%，不过也还有75%的概率不降息。 9月目前的降息概率为60% | 2025年7月31日 | | | | > | | --- | --- | --- | --- | --- | | 会议时间: ...

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].

每经记者｜杨建 每经编辑｜彭水萍 1、美股三大指数集体收涨，标普500指数涨0.96%，纳指涨0.94%；大型科技股多数上涨，特斯拉大涨 超8%，创4月28日以来最大单日涨幅；稳定币第一股Circle涨超9%，上市以来累涨约750%。中概股多数 上涨，纳斯达克中国金龙指数涨0.85%；搜狐涨近10%，理想汽车涨近8%，新东方涨超5%，小鹏汽 车、再鼎医药涨逾4%。 点评：自2022年以来，供需失衡使得钴价持续下行，国内电钴价格于今年年初最低跌至约15万元/吨。 今年6月21日，刚果(金)宣布钴原料禁令延长3个月，以延长其遏制国际市场供应过剩的努力。从全年维 度来看，对钴价持乐观态度，预计国内电钴价格有望重回25万元/吨上方运行。刚果(金)可能实施钴出口 配额来提升对于钴的定价权，钴价中枢有望抬升。民生证券研报认为，刚果(金)出口禁令导致全球供应 链中断风险加剧，短期供应扰动或进一步推升价格。概念股包括腾远钴业、寒锐钴业、华友钴业等。 （三）避雷针 （一）重要市场新闻 2、国际油价大幅走低，美油主力合约报67.23美元/桶；布伦特原油主力合约跌8.37%，报69.16美元/ 桶。欧洲三大股指收盘小幅下跌，德国D ...

对于存储行业而言，今年机遇和挑战并存，行业头部企业融资还是相对简单。存储并购潮和产能大战一触即发。 作为国内的存储巨头企业，澜起科技近日发布公告称，公司当天召开第三届董事会第八次会议、第三届监事会第八次会议，审议通过公 司发行H股股票并在香港联交所上市等相关议案。 在存储周期向上几乎公认后，存储企业需要不断拓展客户同时，提高品牌和研发能力。 澜起科技表示，为深化国际化战略布局，持续吸引并集聚优秀的研发与管理人才，增强境外融资能力，进一步提升公司核心竞争力，根 据公司发展战略及运营需要，澜起科技拟发行境外上市股份H股股票并在香港联交所上市。 相关负责人表示公司将充分考虑现有股东的利益和境内外资本市场的情况，在股东大会决议有效期内（即自公司股东大会通过之日起24 个月或同意延长的其他期限）选择适当的时机和发行窗口完成本次发行。 董事会同意，公司本次发行并上市所得的募集资金在扣除相关发行费用后，用于全互连芯片领域前沿技术的研发和创新、全球市场与业 务的拓展、战略投资与收购及其他事项。 对于公司目前计划和未来的市场定位。澜起科技表示，公司未来五至十年的战略目标是逐步成长为国际领先的全互连芯片设计公司，重 点聚焦于运力 ...

将投中网设为"星标⭐"，第一时间收获最新推送 速览投资风口，掌握资本律动。 作者丨 长风 来源丨 东四十条资本 硬科技赛道，半导体再获大额融资。 上周，深圳市芯视佳已成功完成约6亿元Pre-A轮融资。本轮融 资由创东方及桉树资本领投，镇江国控、乾成资本等机构跟投。此外，智能汽车第三代E/E架构的 SoC芯片及解决方案商欧冶半导体宣布，已完成亿元人民币B3轮融资。本轮融资由舜宇光学科技旗 下舜宇产业基金战略领投，合肥高投、老股东太极华青佩诚共同参与。 大健康赛道，精准医疗成早期投资热点。 上周，单细胞测序公司小路生物已完成数千万美元天使轮 融资。本轮融资由元生创投、齐济投资领投，元禾控股、高瓴、苏创投、博荃、北京生命科学园、合 肥产投等机构跟投。此外，基因编辑企业杉木 SHANMU宣布完成今年新一轮数千万Pre-A+轮融 资。本轮融资由长江商学院副院长、金融学教授甘洁旗下香港基金 Virtu International、香港科技 大学（HKUST）教授高秉强、北京大学信息科学技术学院教授张海霞的ICANX基金及松禾资本联合 投资。 互联网赛道，算力基建投资升温。 上周，存储计算一体化企业记忆张量近日宣布完成近亿 ...

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 ...