众所周知，个人电脑（PC）主系统内存——正式名称为随机存取存储器，简称 RAM——的价格已经失 控。在过去的几个月里，DDR5 RAM（最新标准）模组的价格一路飙升，翻了一倍甚至更多。一套 64GB 的台式机内存套件迅速变得比索尼 PlayStation 5 还要昂贵，而一些更大容量的套件现在的价格甚 至超过了高端台式机 GPU。这种疯狂的价格上涨也开始蔓延到较旧的内存类型，比如 DDR4 和 DDR3。 这些价格上涨将影响每一个依赖内存或存储的产品——但我现在想专注于笔记本电脑。笔记本电脑使用 的物理模组与台式机不同，但底层的内存颗粒是相同的，且容易受到相同的价格压力影响。作为 PCMag 领先的笔记本电脑专家之一，我可以告诉你：对于今年需要新电脑的人来说，情况即将变得困 难。 为什么现在的 RAM 这么贵？ 大规模的内存阵列对于 AI 性能的巅峰至关重要，这使得内存芯片成为满足飙升的 AI 算力需求的关 键。为 ChatGPT 和其他 AI 工具提供动力的数据中心正在吞噬可用内存制造产能中的巨大份额。AI 应 用并不一定需要与 PC 完全相同的内存种类，但相关的内存工厂（即晶圆厂）——如今主要集中在美光 ...

公众号记得加星标⭐️，第一时间看推送不会错过。 众所周知，个人电脑（PC）主系统内存——正式名称为随机存取存储器，简称 RAM——的价格已经 失控。在过去的几个月里，DDR5 RAM（最新标准）模组的价格一路飙升，翻了一倍甚至更多。一 套 64GB 的台式机内存套件迅速变得比索尼 PlayStation 5 还要昂贵，而一些更大容量的套件现在的 价格甚至超过了高端台式机 GPU。这种疯狂的价格上涨也开始蔓延到较旧的内存类型，比如 DDR4 和 DDR3。 这些价格上涨将影响每一个依赖内存或存储的产品——但我现在想专注于笔记本电脑。笔记本电脑使 用的物理模组与台式机不同，但底层的内存颗粒是相同的，且容易受到相同的价格压力影响。作为 PCMag 领先的笔记本电脑专家之一，我可以告诉你：对于今年需要新电脑的人来说，情况即将变得 困难。 此外，这种供应短缺正在影响其他将内存作为整体一部分的组件。最直接的连锁反应将冲击显卡，显 卡依赖专用显存来辅助图形渲染和本地 AI 工作流。（撇开内存紧缺不谈，显卡本身的需求也在大幅 增加。）这些显卡所使用的 GDDR6 和 GDDR7 显存价格也因同样的原因上涨：每 Gb 的成本在 ...

类似的局面并非首次上演。2018年比特币暴涨时，显卡工厂产能几乎全数被区块链矿场吞噬，最终造成零售缺货、价格飞涨。 今年则在AI算力战下重复发生。行业人士承认，如今各大代工厂即便满负荷运转，仍填不满数据中心和企业对DRAM、NAND 的胃口，比如十铨管理层就坦言，现在不只是台式机内存，连GDDR6、GDDR7、LPDDR5几乎都买不上，在东南亚的部分电 商平台，发货时间甚至被拉长至半年以上。 事实上，冷数据存储方式也在近期出现变化。由于硬盘制造商未扩产，越来越多的数据中心将冷数据转移至固态硬盘，这进一 步加剧了NAND闪存的紧俏状况。假如某地突然增加机械硬盘生产，或许对固态盘供应有正向影响，但目前看来距离这种转折 还很遥远。 也有极少数反向案例可供参考。去年日本市场的DDR4库存意外过剩，偶然导致本地用户短时间享受了平价内存。然而仅两个 月之后，全球行情一体化依旧将价格拉升到高位，证明区域性"小阳春"难以长久。从整体趋势看，只要AI赛道继续狂奔，大众 购买力就只能被动等待新一轮市场变革带来的再平衡。 未来几年，除非有技术突破降低DRAM/NAND生产难度，否则对于绝大多数玩家和消费级用户，攒机和升级的窗口期只 ...

Core Insights - AMD plans to increase the price of Radeon GPUs by 10% in early 2026 due to rising costs and high demand for computing, particularly driven by AI [1][2] - The semiconductor industry is experiencing a surge in memory prices, with DRAM and GDDR6 costs significantly impacting profitability and pricing strategies for companies like AMD and Nvidia [5][6] Group 1: AMD's Pricing Strategy - AMD's CEO Lisa Su highlighted that the demand for compute resources is unprecedented, with AI demand being described as "insatiable" [1] - The company has faced increased costs for components, particularly DRAM and VRAM, which have led to a necessary price hike for consumers [2][4] - By the end of 2025, DRAM contract prices had increased significantly, contributing to the overall rise in GPU prices [6] Group 2: Market Dynamics - The competition in the semiconductor market is intensifying, with both AMD and Nvidia facing supply chain challenges, particularly in memory production [3][4] - The shift in focus towards AI-class components has resulted in a "memory bull market," affecting the availability and pricing of consumer-grade memory [5] - The next-generation GDDR7 pipeline remains tight, further pressuring current-generation memory prices and impacting retail pricing strategies for 2026 [7]

Core Insights - The DRAM supply chain is facing significant challenges, particularly in the server memory segment, with major hyperscale vendors in the US and China receiving only 70% of their ordered server DRAM [2] - Demand for traditional DDR5 RDIMM is exceeding supply, driven by a shift in production capacity towards AI-related advanced nodes by major manufacturers like Samsung and SK Hynix [2][3] - The market is experiencing a surge in spot prices, with DDR5 16 GB modules rising from $7-$8 to around $13 since late September, indicating a tightening supply situation [2][3] Supply and Demand Dynamics - Order fulfillment rates for channel vendors and smaller OEMs are low, around 35%-40%, as larger hyperscale companies secure fixed allocations, forcing smaller clients to the spot market or to wait until 2026 for capacity [3] - Micron has warned that DRAM is a "supply-constrained industry," with supply growth lagging behind demand expected to continue into next year [3] - TrendForce indicates that DDR4 prices are slowly declining, but the overall DRAM market is expected to see price increases of 13%-18% in Q4 [6][7] Price Trends - Recent price hikes in the DRAM market have reached up to 30%, with some manufacturers pausing quotes for certain DRAM and NAND flash products due to pricing pressures [5][6] - Kingston's DDR4 desktop memory module prices have more than doubled since March, reflecting the broader trend of rising memory prices [6] - TrendForce predicts that the shortage of DDR4 will persist until mid-2026, with overall DRAM prices expected to rise by 13%-18% in Q4 [6][7] Future Outlook - The price surge is driven by two main factors: the announcement of DDR4 discontinuation and stockpiling due to US-China tariff tensions [7] - The demand for DDR5 RDIMM, LPDDR5X, and HBM is expected to increase significantly as North American data centers accelerate AI server investments [9][10] - Despite efforts to adjust production capacity, uncertainties remain regarding supply stability for DDR5 due to technical issues and prioritization of HBM4 production [10]

Core Viewpoint - Dongxin Co., Ltd. is engaged in the research, design, and sales of small-capacity NAND Flash, NOR Flash, and DRAM products, and currently does not produce GDDR6 products used in the 7G100 series by Lishuan Technology [2] Company Summary - Dongxin Co., Ltd. specializes in small-capacity NAND Flash, NOR Flash, and DRAM product development and sales [2] - The company confirmed that it does not manufacture GDDR6 products for the 7G100 series utilized by Lishuan Technology [2]

Core Viewpoint - Dongxin Co., Ltd. (688110.SH) is engaged in the research, design, and sales of small to medium capacity NAND Flash, NOR Flash, and DRAM products, and currently does not produce GDDR6 products used in the 7G100 series by Lishuan Technology [1] Group 1 - The company specializes in NAND Flash, NOR Flash, and DRAM products [1] - The company does not have production capabilities for GDDR6 products [1]

Core Viewpoint - The DRAM market is experiencing price increases due to supply constraints and shifting demand towards high-end applications, particularly Server DRAM and HBM, while traditional PC and mobile applications face reduced capacity allocation [1][3]. DRAM Price Trends - Overall Conventional DRAM prices are expected to increase by 8-13% in Q4, with HBM blended prices rising by 13-18% [1][2]. - PC DRAM prices are anticipated to rise slightly due to limited supply as major OEMs reduce procurement volumes [3]. - Server DRAM demand is expected to grow significantly, with U.S. CSPs planning to start procurement earlier to secure supply, leading to price increases [3]. Mobile and Graphics DRAM - Mobile DRAM prices, particularly LPDDR4X, are projected to increase by over 10% in Q4 due to supply constraints and inventory buildup by manufacturers [4]. - Graphics DRAM demand remains strong, with GDDR7 prices expected to rise more than in the previous quarter due to anticipated supply shortages [4]. Consumer DRAM - Consumer DDR4 supply is limited, and despite previous price increases, demand has softened, leading to a forecasted moderation in price growth for Q4 [5]. - DDR3 prices are expected to continue rising due to preemptive stocking and supply constraints [5].

Core Viewpoint - The global DRAM market is entering a structural turning point, with major manufacturers like Samsung, SK Hynix, Micron, and China's Changxin Storage planning to phase out DDR4 products and shift capacity towards DDR5 and high bandwidth memory (HBM) [2][3] Group 1: EOL Plans and Market Dynamics - Samsung will complete its final DDR4 chip orders by June 2025 and ship the last modules by mid-December 2025 [2] - SK Hynix plans to stop taking orders by October 2025 and complete final shipments by April 2026 [2] - Micron has notified customers that its DDR4 will enter EOL in June 2025, with shipments expected to cease in the first quarter of 2026 [2] - Changxin Storage aims to complete its last DDR4 shipments by Q4 2025, focusing future production on DDR5 [2] Group 2: Market Supply and Pricing Trends - The EOL actions by the top four suppliers are expected to create a supply-demand imbalance for DDR4, likely lasting until 2026 [3] - DDR4 spot prices have already surpassed DDR5 prices, with a peak difference of 30.3% noted in early June [3] - Historical trends suggest that this price inversion may persist for three to five months until demand for DDR4 significantly decreases [3] Group 3: Price Forecasts - TrendForce predicts that DRAM prices will rise significantly in Q3 2025, with increases of up to 45% driven by capacity reallocation and demand from AI servers [5] - DDR4 prices are expected to rise by 38% to 43% for PCs and 28% to 33% for servers due to supply constraints [6] - LPDDR4X is projected to increase by 23% to 28%, while GDDR6 prices may rise by 28% to 33% as suppliers shift focus to GDDR7 [7] Group 4: Geopolitical Factors - The PC DRAM market faces dual pressures from demand and geopolitical factors, with anticipated U.S. tariffs prompting OEMs to expedite orders [8] - A 25% tariff on all memory types from Japan and South Korea starting August 1 is expected to lead to significant price increases for PC DRAM [8]

Core Viewpoint - The article discusses the anticipated price increases in the DRAM market due to shifts in production capacity and demand dynamics, particularly focusing on DDR4 and DDR5 products, as well as the impact of EOL (End of Life) policies on supply and pricing trends [3][4][5]. Group 1: DRAM Market Dynamics - Major DRAM manufacturers are shifting production towards high-end products, leading to a projected price increase of 10% to 15% for conventional DRAM in Q3 2025, with an overall increase of 15% to 20% when including HBM [3]. - Demand for DDR4 remains strong, with expectations of a price increase of 40% to 45% for consumer DDR4 in Q3 due to limited supply and prioritization of server applications [3][4]. - The supply of PC DDR4 is constrained by manufacturers' EOL policies and increased demand from cloud service providers, leading to a forecasted price increase of 8% to 13% for PC DRAM in Q3 [4][5]. Group 2: Server and Graphics DRAM Trends - The server DRAM market is experiencing increased demand driven by data center construction and AI server deployments, with price increases expected to be between 3% and 8% in Q3 [5]. - The graphics DRAM segment is seeing strong demand from NVIDIA's new generation graphics cards, with GDDR6 experiencing significant price increases due to supply constraints, while manufacturers are transitioning to GDDR7 [5].