-高带宽内存（HBM）：避开商品陷阱-Asia Technology-HBM – Avoiding the Commodity Trap

August 25, 2025 03:26 PM GMT Asia Technology | Asia Pacific HBM – Avoiding the Commodity Trap The HBM market is set for a new wave of intense competition and content increasingly shifting to advanced logic, benefitting leading-edge foundries. For stocks, relative performance comes down to what are profits going to do in 2026 and where HBM lands on sustainable margin. HBM – A victim of its own success: HBM manufacturing is no longer heavily concentrated at one company and supply conditions have changed drama ...