公众号记得加星标⭐️，第一时间看推送不会错过。 韩 媒 报 导 ， 受 记 忆 体 需 求 强 劲 影 响 ， 南 韩 的 三 星 与 SK 海 力 士 据 悉 把 服 务 器 DRAM 报 价 调 涨 多 达 70%。在记忆体晶片买气畅旺之际，南韩系统半导体出口今年预估下滑2.6%，也引发外界对半导体 产业结构失衡的疑虑。 韩国经济日报报导，知情人士透露，三星电子与SK海力士已把对微软、AWS、Google等云端业者的 服务器DRAM报价，较去年第4季调涨60-70%。 DRAM供应商和客户通常在前一季末或本季初签订 季度供应合约。 市场预期，在「记忆体超级荣景」带动下，今年三星电子与SK海力士的营业利益，将分别增加1.5倍 至2倍，双双上看约150兆韩元（约1,000亿美元）。花旗、摩根士丹利等投银为反映DRAM的「超级 多头」，大幅上调三星电子与SK海力士的目标价与今年营业利益预测。 业界普遍预期，客户将接受三星与SK海力士的报价。市调机构DRAMeXchange分析指出：「大型客 户认为，为建置AI基础设施所需的支出『完全可以承受』；由于将推论型AI变现已成紧要任务，客 户对DRAM涨价的反弹并不强烈 ...

Core Viewpoint - The rise of artificial intelligence (AI) is driving a "super cycle" in the memory chip industry, with expectations for increased demand and price hikes for DRAM and NAND memory products, particularly in the context of enterprise solid-state drives (eSSD) [2][3][4]. Group 1: Market Dynamics - Morgan Stanley predicts that the memory industry will experience upward momentum extending into the second half of next year, benefiting South Korean chip manufacturers [2]. - Samsung Electronics is reportedly increasing prices for DRAM and NAND flash memory by 15%-30% and 5%-10%, respectively, in the fourth quarter [3]. - UBS forecasts that NAND prices will rise for three consecutive quarters, with increases of 3% in Q3, 5% in Q4, and another 3% in Q1 of next year [2][3]. Group 2: Demand and Supply - The demand for eSSD is expected to surge, with order volumes for eSSD matching this year's total, leading to a projected NAND supply shortage of up to 8% next year [2]. - Analysts note that the demand for high-bandwidth memory (HBM) chips, essential for AI applications, is expanding to include more commonly used memory types like DDR, LPDDR, and NAND flash [5][6]. Group 3: Company Performance - Samsung Electronics' market capitalization surpassed 500 trillion KRW (approximately 359 billion USD), while SK Hynix's stock reached a record high of 361,000 KRW [5]. - Morgan Stanley has upgraded the investment ratings for South Korean semiconductor companies, raising Samsung's target price by 12% to 96,000 KRW and SK Hynix's rating to "overweight" with a target price of 410,000 KRW [4][5]. Group 4: Competitive Landscape - Samsung and SK Hynix hold over 60% of the global NAND market share, positioning them favorably to capitalize on the AI-driven demand surge [3][6]. - Competitors like Micron and Longsys face capacity constraints, limiting their ability to increase production significantly before new facilities come online [7]. Group 5: Future Outlook - Analysts expect memory chip prices to continue rising over the next three to four quarters, driven by sustained demand from AI data centers [11]. - Micron's strong quarterly earnings and optimistic guidance indicate robust growth potential, particularly in the AI sector, despite challenges in other business areas [9][10].

Core Viewpoint - The global demand for DRAM and NAND flash memory is expected to exceed supply in 2024, driven by the surge in AI-related storage needs, leading to price increases and market opportunities for major memory manufacturers like Micron, SanDisk, Samsung, and SK Hynix [1][2][3] Group 1: Market Dynamics - The memory market is experiencing a significant shift due to the rapid increase in AI cloud demand, with DRAM manufacturers focusing on High Bandwidth Memory (HBM) and facing challenges in production capacity [2] - Micron has announced a price increase of 20% to 30% for DRAM products, indicating a strong demand that exceeds expectations, with a potential new wave of purchasing activity in the market [1][2] - SanDisk has also raised prices by over 10% across all channels, signaling the start of a new round of price increases in the NAND market [2] Group 2: Price Trends and Projections - The DRAM price index has increased by approximately 72% in less than six months, while NAND prices remain relatively low compared to last year, indicating a widening gap between the two price indices [3] - The overall market value for NAND flash memory is projected to reach $65 billion in 2026 and $70 billion in 2027, with a growing contribution from AI demand [2] Group 3: Sector-Specific Insights - The server market is seeing a recovery in demand for enterprise-level NAND due to inventory depletion and a strong need for profitability, leading to a more aggressive pricing strategy from manufacturers [4] - With Micron exiting the mobile NAND market, domestic manufacturers are expected to benefit from the resulting market opportunities, leading to a slight increase in mobile NAND prices in Q4 [5]