近日存储大厂向终端客户更新DDR、LPDDR、NAND、eMMC最新价格,涨幅20%-46%不 等，具体如下： DDR4: 16Gb 最新价格18$,涨幅20% 64GB 最新价格13.2$,涨幅20% 32GB 最新价格7.2$,涨幅20% 8Gb 最新价格8.1$,涨幅11% 4Gb 最新价格3.7$，涨幅19% LPDDR4/4x 最新价格$1.1/Gb，涨幅46.7% LPDDR5/5x 最新价格$0.62/Gb，涨幅29.2% V-NAND: 128GB 最新价格11.4$,涨幅30% 64GB 最新价格7.2$,涨幅33% 32GB v6 最新价格6.5$,涨幅39% eMMC: 16GB 最新价格6.2$,涨幅29% 8GB 最新价格4.55$,涨幅38% 4GB 最新价格4.45$,涨幅39% 兆易创新 LPDDR 发力 兆易创新 在 2025 年第三季度业绩说明会上表示，企业明年将实现自研 LPDDR4X 系列产品 的量产，并着手规划 LPDDR5 小容量产品的研发，同时兆易创新存储业务目前并无 DDR5 产 品的相关规划。 今年第三季度，兆易创新收入同比增长 31.4% 至 26.8 亿元 ...

Greater China Semiconductors | Asia Pacific Morgan Stanley Taiwan Limited+ Old memory super cycle unlikely to reverse in near future November 20, 2025 05:46 AM GMT What's new? According to a report in Digitimes today, CXMT (private) will increase capacity for DDR4/LPDDR4, and will "accelerate" DDR5/LPDDR5 supply to alleviate shortages in 2-3 months. The company has not commented. Our take: We were surprised by this newsflow, as we think it is unlikely for CXMT to switch back to DDR4/LPDDR4 given the changes ...

每经编辑｜金冥羽 图片来源：公司官网 长鑫存储同台展出了近期发布的LPDDR5X产品，该系列针移动市场旗舰产品，最高速率10667Mbps，最高颗粒容量16Gb，并涵盖12GB、16GB、24GB、 32GB 等容量的多种封装解决方案。 长鑫存储两大产品系列速率、容量双维度均位居业界第一梯队，标志其产品性能与布局已全面达到全球主流高端水准，国产存储芯片具备与国际一线大厂 同台竞技的技术实力。 长鑫存储市场中心负责人骆晓东表示，当前DRAM需求的爆发式增长对市场供给、价格都带来了巨大的影响，中国需要有稳定的国产DRAM产能供应，通 过产能扩张和规模效应，减少对海外厂商产能的依赖。 公开资料显示，长鑫存储是一家一体化存储器制造公司，专注于动态随机存取存储芯片（DRAM）的设计、研发、生产和销售。长鑫存储总部位于安徽合 肥，在国内外拥有多个研发中心和分支机构。长鑫存储的技术团队拥有丰富的技术研发经验和创新能力，已推出多款DRAM商用产品，广泛应用于移动终 端、电脑、服务器、虚拟现实和物联网等领域。 在产能扩张方面，根据Trendforce数据，长鑫存储2025年底产能将达到30万片/月，同比增长近50%。Count ...

非常意外，原来我们"错怪"雷军了。 让我们把时间拨回 10 月 24 日，红米 K90 系列发布之日。雷军、卢伟冰两位高管在社交平台上大吐苦水，说 K90 系列涨价实属"无奈之举"，因为内存涨 价实在太多，请大家多多包涵。 这里说的是，红米 K90 标准版售价为2599 元，比前代贵了 300 元；如果想从 256GB 的版本升级到 512GB，得加 600 元（3199元），而上代只需要加 400 元。 次次发布都说成本高要涨价，然后首销又反手降几百，营造出一种"很厚道"的感觉…实话说这种"叫苦式营销"咱们消费者都见得多了，腻了。 万万没想到，进入 11 月之后内存价格暴涨成了头条。首当其冲的是电脑市场那边，内存条的价格一天一个价，同规格的从一两个月前的两百块，涨到四 五百；固态硬盘价格直接翻倍，涨幅秒杀黄金。 手机行业也未能幸免。根据媒体报道，不少手机厂商都在承受内存价格上涨带来的成本压力，甚至不得不先暂缓本季度的存储芯片采购。 现在，小米、OPPO、vivo 等厂商的物料库存普遍低于两个月，后面想要保证出货，可能要接受上游接近 50% 的涨幅报价。 当新闻铺天盖地之后，才发现这次雷军和卢伟冰的"叫苦"， ...

Summary of Conference Call Records Industry and Companies Involved - **Industry**: Semiconductor and Storage Industry - **Companies**: - SMIC (中芯国际) - Industrial Fulian (工业富联) - Nvidia - TSMC (台积电) - Micron - SK Hynix - Lam Research - Tokyo Electron - Xiaomi - Lenovo - Samsung - Kioxia - Western Digital - Huahong (华虹) Key Points and Arguments AI Demand and Market Impact - AI computing demand is surging, benefiting companies like Nvidia, TSMC, SMIC, and Industrial Fulian, but rising storage prices are expected to decrease the gross margins of Chinese smartphone manufacturers by 3%-4% [1][2] - Component shortages are impacting the shipment volumes of smartphone and automotive manufacturers, particularly in the first half of 2025 [1][2] Storage Market Dynamics - Storage companies are hesitant to expand production due to concerns over the AI bubble and past losses in NAND business, leading to a forecast of continued NAND price increases in the first half of 2025 [1][5] - Major overseas storage companies like Micron and SK Hynix are expected to achieve operating profit margins of up to 70% next year, while equipment suppliers like Lam Research and Tokyo Electron will also benefit [1][8] SMIC's Business Outlook - SMIC's business structure is expected to change significantly by 2026, with consumer business affected by storage shortages, but increased demand in computing sectors may offset this decline [1][6] - The company is making steady progress in advanced processes and localization, benefiting from AI-related expectations and capacity releases in southern China [1][3] Industrial Fulian's Performance - Industrial Fulian is projected to sell over 100,000 cabinets by 2026, significantly enhancing profitability, with a net profit exceeding 10 billion RMB in Q3, a year-on-year increase of over 30% [1][7][14] Price Disparities in Memory Products - The price difference between HBM3 (approximately $14 per GB) and LPDDR5 (approximately $1.5 to $1.6 per GB) is nearly tenfold, leading manufacturers to favor HBM production, which is driving up prices for server ESSD and encroaching on the NAND market share for smartphones [1][10][11] Global Semiconductor Industry Trends - The overall cabinet delivery quantity is expected to exceed 100,000 by 2026, with Nvidia contributing 20 million GPUs, indicating a potential growth of two to three times compared to 2025 [1][17] - The semiconductor industry is anticipated to experience some fluctuations in revenue in the first half of 2026, but product prices are expected to rise due to increased AI-related demand and the release of advanced process capacities [1][18] Challenges and Opportunities in the Storage Market - The storage market faces challenges such as cautious expansion from NAND manufacturers due to past losses, but there is still significant upside potential in NAND and DRAM markets driven by high-value ESSD server flash demand [1][22] Future of Domestic Equipment Enterprises - Domestic equipment companies in China are expected to see strong capital expenditure growth, with a current localization rate of about 22%-23% [1][21] Consumer Electronics and AI Industry Trends - If AI shipment volumes achieve a 50% growth target, it will boost the performance and stock prices of companies like Nvidia, TSMC, and Industrial Fulian, while the consumer electronics sector may face pressure [1][23] Conclusion - The semiconductor and storage industries are at a pivotal moment, with AI demand driving growth but also presenting challenges such as rising costs and supply chain issues. Companies like SMIC and Industrial Fulian are well-positioned to capitalize on these trends, while the overall market dynamics will continue to evolve in response to technological advancements and consumer demand shifts.

Core Insights - ChangXin Memory Technologies (CXMT) has commenced mass production of LPDDR5X DRAM products, indicating advancements in China's semiconductor capabilities [1][3] - The LPDDR5X series offers improved data transfer rates and lower power consumption compared to the previous LPDDR5 lineup [4] - CXMT aims to enhance its presence in the global advanced memory chip market, traditionally dominated by companies like Samsung, SK Hynix, and Micron Technology [3][5] Company Developments - CXMT is preparing for an initial public offering (IPO) in Shanghai, targeting a valuation of up to 300 billion yuan (approximately US$41 billion) by the first quarter of 2026 [7] - The company has begun mass production of LPDDR5X chips with speeds of 8,533 Mbps, 9,600 Mbps, and 10,667 Mbps, with the first two models already in production since May [3][4] Industry Context - The global DRAM industry saw a revenue increase of 17.1% quarter on quarter, reaching US$31.63 billion in the second quarter, driven by higher contract prices and increased shipments of high-bandwidth memory [6] - The demand for high-end memory chips is surging due to the growing requirements of artificial intelligence systems [2][5]

Core Viewpoint - The article emphasizes the importance of timely and professional information analysis in the investment landscape, focusing on the investment value of significant events, industry chain companies, and key policy interpretations [1] Group 1: Company Insights - Nvidia is directly supplying chips to Cambrian and indirectly supplying to itself, with agency brands including Changxin Storage and Jiangbolong [1] - The company is involved in the storage chip and MCU sectors, with new DDR4 samples expected to contribute to revenue next year, and plans for LPDDR5 products in development [1] - The company's strategy encompasses "computing + storage + analog," targeting sectors such as automotive and industrial [1]

Core Viewpoint - Beijing Junzheng announced on October 29 that the company is currently planning its LPDDR5 products [1] Group 1 - The company is in the planning stage for LPDDR5 products [1]

Core Viewpoint - Beijing Junzheng (300223.SZ) is currently planning its LPDDR5 product line, indicating a strategic move to enhance its product offerings in the semiconductor market [1] Company Summary - The company is actively engaging with investors regarding its future product developments, specifically in the LPDDR5 segment [1]

Core Viewpoint - The company reported a steady growth in revenue for the first three quarters of 2025, achieving 879 million yuan, a year-on-year increase of 9.90%, driven by the dual core segments of "Storage + Smart Terminals" and "New Energy + Automotive" [1] Group 1: Storage + Smart Terminals - The "Storage + Smart Terminals" segment generated 794 million yuan in revenue, a significant year-on-year increase of 28.68%, accounting for 90.33% of total revenue, reinforcing the company's competitive advantage in the industry [1][2] - The subsidiary, Dawi Chuangxin, is enhancing its product line, with stable shipments of DDR3, DDR4, and LPDDR4X series products, and LPDDR4X products have been certified by major SoC platforms, contributing to increased shipments [1][2] - The company invested 30 million yuan to establish Shanghai Dawi Jiemin Technology Co., focusing on semiconductor storage technology R&D, and is strengthening its supply chain with both international and domestic partnerships [2] Group 2: New Energy + Automotive - The "New Energy + Automotive" segment reported approximately 85 million yuan in revenue, becoming an important supplement to the company's overall performance [3] - The automotive business is solidifying its core product competitiveness, with electric retarder and hydraulic retarder contributing over 60% of sales, and expanding into the Southeast Asian and Middle Eastern markets [3] - The company achieved a milestone in its lithium battery project, with significant resource reserves confirmed, enabling large-scale open-pit mining and providing material security for future operations [4] Group 3: Future Outlook - The company plans to increase R&D investment in both segments, focusing on the mass production of LPDDR5 and high-end mobile storage solutions, while accelerating lithium mining preparations [5]