本轮存储芯片价格上扬主要源于人工智能服务器需求的持续爆发。由于AI服务器对高性能存储芯片的 消耗量激增，导致传统消费电子、工业控制等领域的芯片供应出现结构性短缺。这种供需失衡现象在存 储原厂的产能分配策略下进一步加剧，部分厂商将更多产能转向高利润的服务器市场。 智通财经获悉，全球最大存储芯片制造商三星电子将于周四(1月8日)公布2025年第四季度初步业绩。由 于严重芯片短缺推动存储芯片价格大幅飙升，分析师预计，三星电子第四季度营业利润将同比飙升 160%。据LSEG SmartEstimate对31名分析师的预测，三星预计在10月至12月期间实现16.9万亿韩元的营 业利润(约合117亿美元)，高于上年同期的6.49万亿韩元，并将创下自2018年第三季度以来的最高季度利 润。 TrendForce的数据显示，第四季度DDR5 DRAM 芯片的价格比上年同期上涨了314%。由于DRAM原厂 大规模转移先进制程、新产能至Server、HBM应用，以满足AI Server需求，导致其他市场供给严重紧 缩，该机构预计，本季度传统DRAM合约价格将较去年四季度上涨55%至60%，NAND闪存产品类别的 合约价格上涨33 ...

Core Viewpoint - The price of storage chips has increased significantly, impacting the consumer market, with SanDisk's NAND flash products rising by 50% and DDR5 memory prices soaring by 25% [1] Group 1: Price Changes - SanDisk's NAND flash products have seen a price increase of 50% [1] - Major storage manufacturers, including Samsung, SK Hynix, and Micron, have suspended DDR5 memory pricing, leading to a 25% surge in spot prices [1] - Retail visits in Guangzhou confirm that certain storage products have indeed increased in price [1] Group 2: Market Outlook - Guotai Junan's research report indicates that the storage industry has entered a new upward cycle [1] - The recovery in server demand, combined with the ramp-up of AI servers, is expected to continue driving price increases [1]

Core Viewpoint - The article highlights the positive developments in the semiconductor industry, particularly focusing on the bullish outlook for chip companies driven by AI demand and anticipated price increases in memory chips [3][4][5]. Group 1: Chip Company Developments - Goldman Sachs raised the target price for Chipone Technology (芯原股份) from 193 RMB to 220 RMB, maintaining a "buy" rating, reflecting strong growth driven by AI orders [4][5]. - Chipone recorded an 86% year-on-year increase in new orders from July to mid-September, with 64% of these orders coming from the AI computing sector, leading to a total order backlog of 3 billion RMB [5][6]. - The company is expected to see improvements in gross margin and profitability, with net profit forecasts for 2026-2030 being adjusted upwards by 2% to 7% [6]. Group 2: Memory Chip Price Increases - Micron Technology has paused all product pricing for DDR4, DDR5, LPDDR4, and LPDDR5 memory chips, with potential price increases of 20%-30% expected due to supply-demand changes [8][9]. - SanDisk has already announced a price increase of over 10% for its storage products, indicating the start of a new price surge in the memory chip industry [9][10]. - The demand for storage chips is being driven by AI applications and data centers, with DRAM price index rising approximately 72% over the past six months due to supply constraints [9][10].