Benefiting from strong global demand for AI, server eSSSDs The demand for DDR5 and HBM remains strong, especially with AI servers actively adopting high-performance storage to improve overall performance and optimize energy efficiency. The NAND process switching and DDR5 product iteration have kept the supply and demand of server-side storage relatively tight, thereby supporting a steady upward trend in the server-side storage market. Meanwhile, Samsung SK Hynix and Micron, among other original factories, are actively transitioning or increasing production of high profit HBM, continuously squeezing the production capacity of traditional storage chips. However, there is currently no significant increase in demand for PCs and mobile terminals, and there is considerable pressure on hardware costs for consumer terminals, which means that the increase in storage sales and prices for PCs and mobile terminals is limited. The trend of the related storage market depends more on the supply side's choice between profit and market share.
It is expected that the significant growth in the global storage market this year will mainly depend on the significant increase in storage prices in the first half of the year, as well as the degree of recovery in the global server market this year, which will have a positive impact on the simultaneous increase in server storage volume and prices.
According to CFM flash market data, the global NAND Flash market size increased by 24.2% month on month to $15.178 billion in the first quarter of 2024, The DRAM market size has increased to 18.756 billion US dollars. The global storage market grew to $33.934 billion in the first quarter, a year-on-year increase of 83.4%.
The global NAND Flash market size in the first quarter was $15.179 billion, a month on month increase of 24.2% and a year-on-year increase of 74.4%
The average price of NAND Flash increased significantly by 20-30% in the first quarter, driving a significant increase in the revenue of storage original NAND Flash.
Specifically,
·Samsung's NAND Flash sales revenue in the first quarter reached $5.396 billion, a month on month increase of 24.5%, and its market share was 35.6%;
·SK Hynix (including Solidigm) achieved NAND Flash sales revenue of 3.274 billion US dollars in the first quarter, a month on month increase of 31.0%, and a market share of 21.6%;
·Kioxia's first quarter NAND Flash sales revenue reached 2.171 billion US dollars, an increase of 21.9% month on month and a market share of 14.3%;
·In the first quarter, Western Data's NAND Flash sales revenue reached 1.705 billion US dollars, an increase of 2.4% month on month and a market share of 11.2%;
·In the first quarter, Micron's NAND Flash sales revenue reached $1.567 billion, a month on month increase of 27.4%, and its market share was 10.3%. (Note: Due to the different months of Meiguang's financial report statistics, this is the performance from December 2023 to February 2024.)
The global DRAM market size in the first quarter was 18.756 billion US dollars, a month on month increase of 6.0% and a year-on-year increase of 91.6%
Benefiting from the comprehensive rebound in DRAM prices, as well as HBM The shipment of products such as DDR5 has increased, and the original DRAM revenue continues to maintain a growth momentum.
Specifically,
·Samsung's DRAM sales revenue in the first quarter reached 7.767 billion US dollars, an increase of 1.7% month on month and a market share of 42.5%;
·SK Hynix's DRAM sales revenue in the first quarter reached 5.601 billion US dollars, a month on month increase of 1.9%, and its market share was 31.2%;
·In the first quarter, Micron's DRAM sales revenue reached 4.158 billion US dollars, a month on month increase of 21.3%, and its market share was 22.7%;
·South Asia Technology's DRAM sales revenue in the first quarter was 302 million US dollars, an increase of 9.5% month on month and a market share of 1.7%;
·Huabang Electronics achieved DRAM sales revenue of $165 million in the first quarter, a month on month increase of 1.1%, and a market share of 0.9%.
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