Group 1: OLED Display Panel Market - The demand for OLED display panels remains strong, with a projected shipment growth rate of 69% for 2025, up from a previous estimate of 40% [1] - TrendForce has revised the expected shipment volume for OLED display panels in 2025 from 2.8 million units to 3.4 million units, following a significant growth of 132% in 2024 [1] Group 2: Enterprise SSD Market - The revenue of the top five enterprise SSD brands is expected to decline in Q1 2025 due to inventory digestion and challenges in AI product assembly [4][5] - The average selling price of enterprise SSDs has dropped nearly 20%, leading to a quarter-over-quarter revenue decrease for the top five brands [5] - Samsung, SK Group, Micron, Kioxia, and SanDisk are the top five enterprise SSD brands, with total revenues of $4.53 billion in Q1 2025, representing a market share of 95.1% [6]

Core Viewpoint - The Enterprise SSD market is experiencing a significant adjustment period, with major clients reducing order sizes, leading to a nearly 20% drop in average selling prices in Q1 2025. However, improvements are expected in Q2 due to increased demand driven by AI infrastructure and new product releases from key players like NVIDIA [1]. Group 1: Market Overview - In Q1 2025, the top five Enterprise SSD brands reported a decline in revenue due to seasonal effects and weak overall demand, indicating a market adjustment phase [1]. - The overall revenue for the Enterprise SSD market is projected to recover to positive growth in Q2 2025, supported by expanding AI infrastructure needs and increased storage capacity from Chinese CSPs [1]. Group 2: Company Performance - **Samsung**: Ranked first, Samsung's revenue decreased by 34.9% to $1.89 billion in Q1 2025, impacted by seasonal effects and weak demand. However, the company is seeing growth in its PCIe 5.0 product shipments, indicating a steady market share increase in advanced interface technology [4]. - **SK Group**: The second-ranked SK Group, which includes SK hynix and Solidigm, experienced a revenue drop of over 50% to $0.99 billion in Q1 2025 due to strategic adjustments by major clients in AI infrastructure. The company is accelerating the development of next-generation storage technologies [5]. - **Micron**: Micron's revenue for Q1 2025 was $0.85 billion, with a relatively stable performance despite market fluctuations, showing a 27.3% decline in revenue [6]. - **Kioxia**: Kioxia's revenue fell by 21.8% to $0.57 billion in Q1 2025, affected by traditional seasonal downturns and lower-than-expected orders from Server OEM clients [7]. - **SanDisk**: SanDisk reported a revenue of $0.23 billion in Q1 2025, with an upward trend in product shipments. The company is focusing on developing high-capacity storage products, including a new 1PB SSD [8].

Core Insights - The demand for Enterprise SSDs remained stable in Q4 2024, with revenue reaching $7.34 billion, a slight decline of 0.5% from the previous quarter due to weak consumer product markets [1][2] Group 1: Market Overview - The Enterprise SSD market is experiencing a supply-demand imbalance, with an expected price drop of 18% to 23% in Q1 2025, leading to a projected revenue decline of nearly 30% [1] - The revenue for Enterprise SSDs in Q4 2024 was $7.34 billion, with Samsung holding a market share of 39.5%, followed by SK Group at 31.3%, Micron at 16.0%, Kioxia at 9.9%, and Western Digital at 3.3% [2] Group 2: Company Performance - Samsung's revenue in Q4 2024 was $2.9 billion, a decrease of 9.4% quarter-over-quarter due to production capacity adjustments [3] - SK Group's revenue increased by 11.8% to $2.3 billion in Q4 2024, benefiting from continuous shipment growth and the production of PCIe 5.0 SSDs [4] - Micron maintained its revenue at $1.17 billion in Q4 2024, with a market share of 16.0%, despite a slight slowdown in demand for 30TB products [5] - Kioxia's revenue grew by 13.8% to $724 million in Q4 2024, driven by expanded cooperation with North American CSPs [6] - Western Digital's revenue fell by 26.2% to $245 million in Q4 2024, attributed to a lack of progress in large-capacity product shipments [6]