The storage industry is expected to continue to rise, and listed companies are actively seizing opportunities to expand the market.

[Gearbest Technology News]In the second quarter of 2024, the global storage industry is expected to maintain a strong upward trend, with strong market demand and high enthusiasm among industry chain companies. According to the latest forecast from TrendForce, a world-renowned market research institution, both NAND Flash and DRAM memory chip fields will see price increases in the second quarter. Among them, NAND Flash contract prices are expected to rise strongly, with an increase expected to be between 13% and 18%; while DRAM prices are also expected to increase by approximately 3% to 8% this quarter, demonstrating a comprehensive recovery trend in the storage industry.

Recently, listed companies in the domestic storage industry have responded positively to this industry rebound. Baiwei Storage revealed that as the market environment recovers, customer order demand in the field of mobile phones and other consumer electronics shows obvious signs of recovery, which also heralds a strong recovery in storage market demand. GigaDevice also stated in its communication with investors that the prices of mainstream storage products will continue to rise in 2024, and the prices of the company's DRAM and NAND product lines will continue to rise, with optimistic profit expectations.

Chen Yaobo, chief analyst of Huaan Electronics, emphasized that in the new storage industry cycle, the booming development of the artificial intelligence industry plays an important driving role in market demand, constantly creating new demand increments. He called on relevant listed companies to be keenly aware of market changes, actively improve product competitiveness, seize market opportunities brought by new growth points in industries such as artificial intelligence, and achieve sustained business growth.

Overall, the good momentum shown by the storage industry in the second quarter of 2024 has created a favorable development environment for upstream and downstream enterprises in the industry chain. While actively responding to market demand, various companies are also striving to seize a favorable position in this round of industry recovery through technological innovation and market layout, and jointly promote the global storage industry to a new stage of development.

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