Storage Chip Concept Active, Tongyou Technology Soars 20% Daily Limit, Baivi Storage Reaches New High

Source: Securities Times Network Author: Wu Yongfang

The storage chip concept experienced strong performance during the trading session on the 18th. As of the time of writing, Tongyou Technology hit the 20% daily limit, Langke Technology rose over 16% to a new high, Shenkeda increased more than 15%, Chengbang Shares and China Electronics Port also hit the daily limit; Baiwei Storage rose nearly 9%, continuing to reach new highs during the session.

On the news front, on March 17th, SK Group Chairman Chey Tae-won stated at NVIDIA GTC that due to systemic bottlenecks in chip production, he expects the global memory chip shortage to likely persist until 2030. Meanwhile, he predicts that prices for various storage chips such as DRAM, NAND, and HBM will continue to rise, with the upward trend possibly lasting for a long time.

Southwest Securities pointed out that the AI large model technology has exceeded expectations with iterative upgrades, leading to explosive growth in global token consumption. This has driven massive demand for data storage, processing, and retrieval, ushering in a super cycle for the storage industry. Overseas major manufacturers are shifting limited capacity toward high-margin HBM and DDR5 products, severely squeezing capacity for consumer and low-end storage chips, thereby widening the supply-demand gap. Additionally, after over-expanding capacity and capital expenditure in the last cycle, storage manufacturers are now more cautious in expanding capacity during this cycle. High-end HBM storage chips face issues such as long cleanroom construction cycles and difficulty in improving yield rates, resulting in short-term tight supply. Against the backdrop of exploding demand and rigid supply, CFM flash memory market forecasts suggest that storage prices will continue to rise overall through 2026.

The institution believes that amid the booming global storage industry, domestic storage companies are rising rapidly, leveraging engineer talent, improved infrastructure, and a complete industry chain. Represented by Yangtze Memory, Changxin Storage, GigaDevice, and Jiangbolong, these local enterprises are expanding capacity and steadily improving yield rates through independent architecture innovation and process iteration. They are making comprehensive breakthroughs in AI computing power, consumer electronics, and enterprise markets, driving China’s storage industry from scale growth to technological leadership.