8月26日，江波龙上海总部乔迁临港新片区滴水湖科创总部湾核心区。上海总部将聚焦企业级、车规级 等关键存储业务，其核心功能聚焦于主控芯片、企业级、工规级、车规级存储产品研发及存储芯片自主 设计，服务领域涵盖人工智能、数据中心、智能汽车、智能电网、工业物联网等快速增长的市场。目 前，依托上海总部，江波龙已推出6款自研主控芯片，覆盖eMMC、SD卡、UFS及USB移动存储等主流 和高端产品。 ...

转自：新华财经 新华财经上海8月27日电（记者 杨有宗）记者获悉，江波龙上海总部已于26日在临港新片区滴水湖科创 总部湾核心区落成。据悉，这一总部将承载"深化构建芯片级研发能力"这一核心使命，聚焦企业级、车 规级等关键存储业务，为江波龙高端存储全球化布局落地奠定坚实基石。 据介绍，江波龙上海总部占地14亩，总建筑面积达4.3万平方米，可容纳超过千名研发工程师。园区定 位为高端芯片和存储产品研发中心，内设多个前沿研发区域与专业实验室，配备尖端技术设施。其核心 功能聚焦于主控芯片、企业级、工规级、车规级存储产品研发及存储芯片自主设计，服务领域涵盖人工 智能、数据中心、智能汽车、智能电网、工业物联网等快速增长的市场。 依托上海总部与研发团队，目前江波龙已推出6款自研主控芯片，覆盖eMMC、SD卡、UFS及USB移动 存储等主流和高端产品。江波龙方面表示，自2020年启动自研规划以来，所有主控芯片均一次性投片成 功并顺利点亮。 据悉，江波龙上海总部将以"存储芯片+高端存储器"双引擎，联动深圳总部研发运营、中山存储产业园 的技术制造与开源创新生态构建、苏州封测制造基地的创新封测工艺、南美洲制造运营中心对海外市场 的快速 ...

深圳市江波龙电子股份有限公司 投资者关系活动记录表 编号：2025-018 | 投资者关系活动 | □特定对象调研 | □分析师会议 | □媒体采访 | | --- | --- | --- | --- | | 类别 | □业绩说明会 | □新闻发布会 | □路演活动 | | | □现场参观 | √电话会议 | □其他 | | 参与单位名称及 | 详见附件 | | | | 人员姓名 | | | | | 时间 | 2025 年 8 月 22 日 | (周五) 下午 | 20:30-21:30 | | 地点 | 电话会议 | | | | | 副总经理 高喜春 | | | | | 董事长、总经理 | 蔡华波 | | | 上市公司接待人 | 副总经理、财务负责人 | 朱宇 | | | 员姓名 | 副总经理、董事会秘书 | 许刚翎 | | | | 投资者关系经理 1、公司在企业级业务上的发展战略？公司推出的 | 黄琦 | | | | 产品能否与现有产品形成协同？ SOCAMM 答：企业级存储是典型的高端存储产品，具有技术难度 | | | | | 大、研发周期长、客户粘性高等特点，考验存储企业的持续 | | | | | 供 ...

佰维存储惠州工厂车间内，几百台公司自研的测试设备整齐排列。测试设备的透明橱窗内，机械臂从料盘上抓取芯片，精准放置到测试座上，待完成电性 测试、高温老化等多重"体检"后，芯片才能出厂。 动辄上千万元的进口测试设备，曾让不少芯片企业发展受限，但佰维存储坚定选择自建封测能力。"唯有掌握核心能力，才能决定产品的竞争力和议价 权。"近日，佰维存储董事长孙成思在接受记者专访时表示，秉持这一信念，公司从零起步搭建起支撑产品研发、验证与交付的研发与封测制造体系。 回过头看，这是一步"妙棋"，它不仅助力公司在激烈的行业竞争中脱颖而出，成为国内少数兼具存储解决方案和先进封测能力的厂商，也为中国存储器补 链强链贡献了佰维力量。 佰维存储生产车间 公司供图 建立研发封测一体化模式 佰维存储成立于2010年，专注半导体存储器的研发设计、封测、生产和销售，其产品广泛应用于智能终端、PC、行业设备、数据中心、智能汽车等多个 领域。 2010年前后，全球存储产业基本由美、日、韩厂商主导。与此同时，移动互联网兴起，带来了对大容量、小型化、低功耗存储的新需求。 "面对强有力的竞争对手，我们决定通过做深解决方案、做强封测能力，实现'两条腿走路'， ...

Core Viewpoint - The company emphasizes the importance of self-built testing and packaging capabilities to enhance product competitiveness and pricing power in the semiconductor storage industry [1][2][3] Group 1: Company Strategy - The company has established a dual strategy focusing on "solution development + self-packaging and testing" to meet market demands for high-capacity, miniaturized, and low-power storage solutions [2][3] - By integrating research and testing capabilities, the company aims to penetrate high-tech fields such as smartphones, PCs, and smart wearables, thereby avoiding intense competition and enhancing differentiation [2][3] Group 2: R&D Investment - The company has significantly increased its R&D investment from 51 million yuan in 2018 to 447 million yuan in 2024, representing a growth of over 7 times [3] - The company maintains a commitment to innovation even during industry downturns, allowing it to seize opportunities during recovery periods [3] Group 3: Market Expansion - The company has successfully entered the supply chains of major brands such as OPPO, VIVO, Lenovo, and Xiaomi with its embedded storage and SSD products [4] - Future focus areas include smart wearables and smart vehicles, with enterprise storage and data center products being prioritized for medium to long-term growth [4][5] Group 4: Emerging Markets - The company anticipates significant growth in the smart glasses segment, projecting revenues exceeding 1 billion yuan in 2024, with a year-on-year increase of nearly 300% [5] - In the automotive sector, the company has begun bulk deliveries of LPDDR RAM and eMMC products to leading car manufacturers, with expectations for increased sales in vehicle-grade storage [5] Group 5: Industry Positioning - The company's transition from reliance on external testing to an integrated approach reflects a strong commitment to self-sufficiency in the domestic storage industry [6] - The company is leveraging its R&D capabilities and global presence to transform challenges into growth opportunities, aiming to move up the value chain in the industry [6]

AI正在推动存储市场加速扩容。 OpenAI的创始人奥特曼表示，准备筹划万亿级AI基建。美国科技巨头微软（MSFT.O）、Meta（MET A.O）、Alphabet（GOOG.O）等也纷纷加码AI资本开支，要在这场科技竞赛中占据一席之地。 受此推动，今年二季度，全球存储巨头SK海力士销售额同比增长35%至22万亿韩元，营业利润同比 大增68%至9万亿韩元，双双创下历史新高。美光（MU.O）二季度营收同比增长38%至80.5亿美元， 净利润同比增幅高达100%。 卡位稀缺，布局存储+晶圆级先进封装。 作者 | 小鑫 编辑 | 小白 产业上的狂飙突进，自然也搅动了股市中的一池春水。AI产业链中服务器、PCB板、铜缆高速互联等 等都成为A股中炙手可热的概念。 另一方面，AI PC、AI手机、AI眼镜等端侧AI需求，正在推高对高性能、大容量、超薄存储的需求。 作为国内存储解决方案领域的领军企业，佰维存储（688525.SH）正积极布局AI产业链，在存储技术 与先进封测领域持续发力，悄然构筑面向未来的核心竞争力。 在最近的8月11日，佰维存储发布半年报。我们不妨从个股的财报中一窥产业发展的方向，以及佰维 存储的竞争力 ...

Core Viewpoint - The company reported a "revenue growth without profit increase" for the first half of 2025, with significant losses despite revenue growth, indicating challenges in the semiconductor storage market [1][2]. Financial Performance - In the first half of 2025, the company achieved operating revenue of 3.912 billion yuan, a year-on-year increase of 13.70% [1][2]. - The net profit attributable to shareholders was -226 million yuan, a year-on-year decline of 179.68% [1]. - In Q2 2025, the company recorded operating revenue of 2.369 billion yuan, with a year-on-year growth of 38.20% and a quarter-on-quarter growth of 53.50% [2]. - The gross profit margin in Q2 increased by 11.7 percentage points, reaching 18.61% in June [2]. Market Dynamics - The semiconductor storage market is experiencing a recovery, with prices stabilizing after a decline in 2024, particularly in DRAM and NAND Flash segments [2][3]. - The price of NAND Flash has seen a significant increase, driven by strong demand in enterprise SSDs, with a quarterly increase of nearly 15% [3]. - The company's revenue changes are attributed to the stabilization of storage prices and the gradual delivery of key projects [3]. Strategic Initiatives - The company is increasing its investment in R&D, with a total of 273 million yuan spent in the first half of 2025, a year-on-year increase of 29.77% [1][7]. - The workforce in R&D has grown to 1,054 employees, a 40.53% increase year-on-year [7]. - The company is focusing on advanced packaging and testing processes to enhance its offerings in AI applications, including AI smartphones and wearable devices [6][7]. Capital Raising - The company completed a targeted placement, raising a net amount of 1.871 billion yuan, aimed at expanding its advanced packaging and storage manufacturing base [7]. Stock Performance - As of August 13, 2023, the company's stock closed at 66.66 yuan per share, with a market capitalization of 30.7 billion yuan [8].

Summary of Silicon Motion Technology Corporation (SIMO) Conference Call - August 11, 2025 Company Overview - **Company**: Silicon Motion Technology Corporation (SIMO) - **Key Products**: eMMC, UFS for smartphones, SSDs for PCs, enterprise SSDs, automotive memory solutions, IoT and connected devices [3][4] Core Industry Insights - **Market Dynamics**: There is a significant shift in the memory market towards outsourcing, with flash makers increasingly relying on merchant suppliers due to the complexity of managing investments across various memory technologies [4][5] - **Growth Opportunities**: SIMO is positioned to benefit from this shift, particularly in enterprise SSDs and automotive markets, as they expand their product offerings and capabilities [5][22] Key Points and Arguments - **Market Share Growth**: SIMO aims to increase its market share in client SSDs from 30% to 40% over the next few years, driven by their advanced PCIe Gen five eight-channel controller [12][15] - **Performance Advantage**: SIMO's SSD controllers are noted for their superior performance and lower power consumption compared to competitors, which translates into tangible cost savings for customers [10][11] - **Automotive Market Potential**: The automotive segment is expected to grow from 5% to over 10% of SIMO's revenue, driven by the increasing number of storage devices required for advanced automotive technologies [22][24] - **Enterprise SSDs**: The introduction of QLC NAND technology is seen as a game-changer, allowing SIMO to offer high-density SSDs that are cost-competitive with traditional hard drives, particularly in AI applications [25][26][28] Financial Performance and Projections - **Gross Margins**: SIMO is guiding for gross margins to return to the historical range of 40% to 50%, with expectations of being at the upper end of this range by the end of the year [35][36] - **Operating Margins**: The company is investing heavily in R&D, which is expected to yield returns and improve operating margins over the next 12 to 18 months [39] - **Revenue Contribution from New Segments**: The enterprise segment is projected to contribute 5% to 10% of revenue by 2026-2027, with significant growth potential beyond that [30][34] Strategic Initiatives - **Capital Allocation**: SIMO has a three-pronged capital allocation strategy focusing on dividends, share buybacks, and selective acquisitions, ensuring a balanced approach to returning value to shareholders [40][41] Additional Insights - **Technological Advancements**: The transition to smaller process geometries (e.g., 6nm) is costly but necessary for maintaining competitive advantage in high-performance SSD controllers [14][15] - **Market Trends**: The memory market is expected to grow at low single digits, but SIMO is leveraging its relationships and technological advancements to capture share in emerging applications like smart glasses and AI devices [17][19] This summary encapsulates the key insights and strategic directions discussed during the conference call, highlighting the growth potential and competitive advantages of Silicon Motion Technology Corporation in the evolving memory market.

Summary of Baidu Storage Conference Call Company Overview - **Company**: Baidu Storage - **Industry**: Storage Market Key Points and Arguments 1. **Market Performance**: The storage market is experiencing an upturn, with Baidu Storage's Q2 revenue increasing by 53.5% quarter-over-quarter, and June's gross margin recovering to 18.61% [2][4][28] 2. **AI Demand**: AI applications are driving storage demand, with orders for AI smartphones and AI glasses increasing nearly 300% year-over-year in the first half of the year [2][4][28] 3. **Global Strategy**: The company has deepened its global strategy by establishing localized delivery teams in North America, Latin America, India, Europe, and Taiwan, and has partnered with factories in Mexico, Brazil, and India to cover global customers [2][7] 4. **Comprehensive Solutions**: Baidu Storage provides comprehensive solutions for AI edge demands, including storage control chip design, innovative storage solutions, and wafer-level packaging services [2][8] 5. **Data Center Demand**: The demand for DRAM and NAND storage is increasing due to AI applications, with notable growth in LPDDR storage demand from NV72 servers [2][11] 6. **Financial Performance**: In the first half of 2025, the company reported revenue of 39.12 billion yuan, with Q2 revenue of 23.69 billion yuan, a year-over-year increase of 38.2% and a quarter-over-quarter increase of 53.5% [2][13] 7. **Cost Control**: The company achieved significant cost control, with sales expense ratio dropping to 11%, management expense at 19%, and R&D expense ratio at 28% [14] 8. **Product Line Expansion**: The company has expanded its product lines significantly, entering high-end storage markets and achieving substantial growth in various sectors, including mobile, PC, AI, and automotive [6][15][19] 9. **Future Outlook**: The company aims to become a platform service provider in the AI and storage ecosystem, anticipating significant growth in unit value and shipment volume across various fields driven by AI [10][16] 10. **Industry Trends**: The storage industry is seeing price stabilization and recovery, with improvements in NAND supply-demand balance and DRAM shortages leading to price increases [17][18] Additional Important Content 1. **Technological Innovation**: The company is focusing on technological innovations to enhance product value and market competitiveness, including the development of e-sports grade DDR5 and ultra-thin ePOP products [5][20] 2. **Market Coverage**: Baidu Storage serves five major sectors: mobile, PC, data centers, AI edge, and automotive, with significant client acquisitions in each area [6][19] 3. **Wafer-Level Packaging**: The company is advancing its wafer-level packaging capabilities, which are expected to enhance its core competitiveness in the storage and computing integration field [30][33] 4. **3D Storage Solutions**: The company is exploring 3D storage solutions to meet the new demands of AI, focusing on cost-effective innovations [35][36] This summary encapsulates the key insights from the conference call, highlighting the company's performance, strategic initiatives, and market trends in the storage industry.

Core Viewpoint - The company reported a significant improvement in its second-quarter performance, with a notable increase in sales gross margin and a strategic focus on AI-related storage solutions, indicating a positive growth trajectory in the semiconductor storage industry. Financial Performance - For the first half of 2025, the company achieved operating revenue of 3.912 billion yuan, a year-on-year increase of 13.70% [1] - The net profit attributable to shareholders was -226 million yuan, while the net profit excluding share-based payment expenses was -75.57 million yuan [1] - In the second quarter, the company recorded a net profit of 41.29 million yuan after excluding share-based payment expenses, indicating a recovery in profitability [1] Product Development and AI Integration - The company has established a comprehensive product layout for AI applications, covering various scenarios such as AI smartphones, AI PCs, and AI wearables [2] - It has launched embedded storage products like UFS and LPDDR5X, with mass production of high-capacity LPDDR5X products supporting transmission rates of up to 8,533 Mbps [2] - The company is a key supplier for major brands like Meta and Google, providing storage solutions for AI glasses and smart devices [2] Research and Development Investment - The company increased its R&D expenditure to 273 million yuan in the first half of 2025, a year-on-year increase of 29.77% [3] - The number of R&D personnel rose to 1,054, reflecting a 40.53% increase compared to the previous year [3] - The company has obtained 393 domestic and international patents, including 171 invention patents, and is actively developing self-researched storage controllers [3] Capital Raising and Future Growth - The company completed a targeted issuance of shares, raising a net amount of 1.871 billion yuan, primarily for expanding its advanced packaging and storage manufacturing base [4] - The advanced packaging project is expected to enhance the company's production capacity and meet the growing demand for high-capacity storage solutions in AI and smart driving sectors [4] - The storage industry is entering a new upward cycle, with major manufacturers increasing prices, indicating a favorable market environment for the company's future performance [4]