澜起科技(688008) - 投资者关系活动记录表

Industry Outlook - The overall demand in the industry is expected to recover in 2024, with a continuous increase in DDR5 penetration rate [3] - The global server DDR5 memory module shipment is projected to reach 292 million units by 2027, according to Yole Intelligence [4] Product Development and Competitive Advantage - The company leads in the memory interface chip sector, having established international standards for DDR5 memory interface chips [4] - The company was the first to trial the DDR5 second-generation RCD chip in May 2022 and the third-generation RCD chip in October 2023 [4] - The company offers a complete solution for DDR5 memory modules, including RCD, SPD, PMIC, and TS chips, making it one of the two global providers of full solutions [4] Pricing and Market Dynamics - The warming of the storage industry indicates an improvement in supply-demand relations, suggesting the end of the current destocking cycle [4] - The pricing of memory interface chips is less directly affected by memory module price fluctuations and is more influenced by the generational upgrades of the chips [4] Future Demand and Applications - The demand for memory interface chips and supporting chips in servers is directly related to the demand for server memory modules [4] - The introduction of MRDIMM memory modules, which require MRCD and MDB chips, is expected to significantly increase the demand for these chips [6] - The development of AI and big data applications is driving the need for higher bandwidth memory systems, which will boost the demand for MRCD/MDB chips [6] Research and Development Investment - The company's R&D expenses for the first three quarters of 2023 reached 487 million yuan, a year-on-year increase of 50.39% [7] - The company plans to adjust R&D investments based on business development, project progress, and financial conditions [7] Upcoming Products and Market Trends - The CKD chip, necessary for DDR5 memory modules supporting speeds of 6400MT/s and above, is expected to start volume production in the second half of next year [7] - The company has successfully launched the world's first CXL MXC chip, positioning itself as a leading supplier in this technology [6]