Lexar Brand Growth - Lexar's product matrix has been continuously enriched, with rapid growth in storage cards, SSDs, and mobile storage products in H1 2024 [2] - Lexar's retail business covers over 50 countries and regions globally, with significant market share gains in online retail platforms [2] - Lexar has successfully entered numerous well-known retail stores in the US, Europe, the Middle East, and Australia, enhancing its global market coverage and brand influence [2] Zilia Acquisition and Expansion - Zilia's acquisition is part of the company's strategy to expand overseas markets, leveraging local customer proximity, self-developed technology, and local manufacturing advantages [2] - Zilia benefits from Brazil's high tariff barriers and government support for the semiconductor industry, with a 6.5 billion BRL (approximately 859 million RMB) investment plan announced recently [3] - The investment plan focuses on R&D innovation and capacity expansion, aiming to enrich storage product portfolios and expand market share [3] SLC NAND Flash and NOR Flash Strategy - The company is focusing on SLC NAND Flash and NOR Flash due to the strategic exit of major manufacturers from these markets [3] - Over 50 million SLC NAND Flash chips have been shipped, primarily to automotive and industrial customers [3] - The company plans to gradually expand into MLC NAND Flash design, with the first 32Gbit 2D MLC NAND Flash chip already verified [3] In-House Controller Chip Development - The company has developed in-house controller chips (WM6000, WM5000) for eMMC and SD cards, achieving over 10 million units in product adoption [4] - In-house controller chip capabilities are expected to directly and indirectly enhance the company's profitability [4] Enterprise-Level SSD and RDIMM Products - The company offers a comprehensive range of enterprise-level SSDs, covering capacities from 480GB to 3.84TB, with advanced features like multi-power modes and online firmware upgrades [4] - DDR4 and DDR5 RDIMM products are available in capacities of 32GB, 64GB, and 96GB, with in-house testing equipment ensuring stable supply [5] Future Gross Margin and Market Trends - Short-term gross margins are affected by market price fluctuations, but long-term stability is expected as the company transitions to a comprehensive semiconductor storage brand [5] - The automotive storage market is expected to grow significantly, driven by advancements in autonomous driving and smart cockpit technologies [5] - Storage prices are expected to diverge based on application scenarios, with high-performance storage products in demand due to AI and cloud computing growth [6]
江波龙(301308) - 2024年9月18日投资者关系活动记录表