Core Viewpoint - The storage market experienced a significant downturn in late November due to concerns over the AI bubble, but has shown signs of recovery as of December 1, with the storage index rising 1.99% and a year-to-date increase of 97.7% [1][3] Market Trends - The storage sector is benefiting from the increasing demand for high-bandwidth memory (HBM) driven by AI applications, with major companies like OpenAI and NVIDIA securing substantial contracts for memory chips [3][4] - The supply chain dynamics have shifted, with a notable increase in prices for DDR4 memory and a halt in pricing for DDR5 and SSDs due to supply constraints [5] Regional Development - Guangdong has solidified its dominant position in the storage and AI hardware industry, with a significant number of storage index constituents based in the region, showcasing a multi-polar and deepened industrial layout [7][9] - Companies like Jiangbo Long are expanding their operations from Shenzhen to Zhongshan, indicating a strategic shift towards leveraging regional advantages [7] Industry Collaboration - The collaboration between various companies and local governments in Guangdong is fostering a robust ecosystem for the storage industry, with significant investments in advanced manufacturing and data center infrastructure [8][9] Future Outlook - The demand for storage is expected to remain strong, with projections indicating that supply constraints may not ease until at least the end of 2026, driven by both natural demand growth and supply-side reductions [5][6] - The structural changes in the storage industry, propelled by AI, are anticipated to create a prolonged upward cycle, supported by regional industrial collaboration [10][11]

韩媒预计，SK海力士的通用DRAM产能在2026年有望扩大至每月7万片晶圆，部分业内消息人士则认为，通过进一步扩产，公司有机会 提前实现月投片量达到10万片的中期目标。在AI相关应用带动整体存储需求上行的背景下，公司正试图在高附加值HBM与通用DRAM之 间寻找新的产能平衡点。 公开资料显示，近年来SK海力士在HBM等高带宽存储领域持续加大投入，在AI服务器和高性能计算市场的份额快速提升，但同时仍需 兼顾传统DRAM业务，以维护与PC、移动及部分企业级客户的长期合作关系。通过充分利用老旧厂房与升级产线，公司有望提升整体产 能灵活性和成本效率。 分析人士指出，本轮扩产计划反映出存储厂商在AI时代的产能布局思路，既要抓住HBM带来的结构性机遇，又需防范单一产品线波动带 来的经营风险。未来SK海力士通用DRAM扩产节奏仍将受到全球终端需求、价格周期以及竞争对手策略等多重因素影响，相关产能释放 与盈利表现仍存在不确定性，市场参与者需保持审慎判断。 （校对/秋贤） （文/罗叶馨梅）12月1日，据韩媒《朝鲜日报》报道，SK海力士明年在积极扩产HBM内存的同时，也将全力扩充非HBM通用DRAM内 存的产能，并计划充分利用现 ...

Core Viewpoint - The article discusses the competitive landscape in the semiconductor industry, highlighting Samsung Electronics' anticipated revenue growth and market position relative to SK Hynix in the storage chip sector [2][6]. Group 1: Samsung Electronics Performance - Counterpoint Research forecasts that Samsung Electronics is expected to achieve $19.4 billion in revenue for Q3 2025, surpassing SK Hynix's projected $17.5 billion, thereby reclaiming its status as the world's largest memory chip manufacturer [2][6]. - Samsung's storage revenue for Q3 2025 is projected to grow by 25% quarter-over-quarter, driven by strong performance in both DRAM and NAND flash memory segments [4][6]. - The strong demand for DRAM and NAND flash memory is credited for Samsung's robust performance in Q3 2025, with expectations of a full recovery in the following year due to the introduction of next-generation high-bandwidth memory (HBM) chips [6]. Group 2: Future Outlook - The ongoing recovery in general DRAM memory and HBM business is expected to support Samsung Electronics in maintaining its leading position in Q4 2025 [6]. - The company's storage division is anticipated to see significant growth in 2026, propelled by advancements in HBM3E and HBM4 technologies [6].