文｜半导体产业纵横

yanxushangzhouzoushi，xianhuoshichangddr4、ddr5jiagerengchengxianquanxianxiadie。 

genjutrendforcezuixinneicunxianhuojiagequshibaogao，dramfangmian，xianhuoshichangddr4、ddr5jiagerengchengxianquanxianxiadie，qieddr4chanpindiefumingxianjiaoda；nand flashfangmian，xianhuojiagediefurengweiyougaibian，xiangqingruxia：

DRAM现货价格：

yanxushangzhouzoushi，xianhuoshichangddr4、ddr5jiagerengchengxianquanxianxiadie，qizhongddr4diefumingxianjiaoda，jiashangmozuchangkucunshuiweipiangao，jiashangxuqiuyouddr4zhuanzhiddr5，ddr4jiagerengyoujiaodaxiadiekongjian，zhuliuxinpianxianhuojunjia（ddr4 1gx8 2666mt/s）youshangzhoude1.843meiyuanxiadiezhibenzhoude1.840meiyuan，diefu0.16%。

nandshancunxianhuojiage：

xianhuojiagedieshirengweigaibian，xianhuochangshangzaishangbanniantuoshoubufendijiakucunhou，yeyinhouxubuhuoerxiaohuazhangjia，daozhipingjunkucunchengbenshangsheng，erxiabannianxianhuojiagedafuxiadiezhihuirangchangshangsunshigengcanzhong，trendforceyuguciqushiduanqineirengjiangchixu。

jinri，edgewater researchxiadiaoleduinandhedramdejiageyuce。edgewater researchfenxishirenwei，yuanshishebeizhizaoshang(oem)heyunfuwutigongshang(csp)denandxuqiuyucejixuyasuo，yucitongshi，shujuzhongxindenandxuqiuyujijiangzai2025nianbaochipiruan，tongbijinlveyouzengzhang。

fenxishicheng，gongyingshangzhengzaiduncukehuqianshu2025niandezhangqixieyi，bingzaimouxieqingkuangxiatigaole2025nianzhangqixieyizhongdexuqiuyuce。gongyingshanghaizhichu，tamenyuanyizhichi2025nianderenhehuosuoyouxuqiu。ciwai，duigaodaikuanneicunheessdduanquededanyousihuzaihendachengdushangxiaoshile。

fenxishibuchongcheng，suoyoulingyudejiageyucedouzaicixiadiao，baokuogerendiannao(pc)、yidongshebeihefuwuqi，yijinandhedram。pcheyidongshebeioemdezaipinghengmubiaorengshizai2025niandierjiduwancheng，dingdanjiangzai2025niandierjiduhuoxiabannianyushijixuqiuzengzhangbaochiyizhi。

fenxishibiaoshi，gongyinglianfankuibiaoming，2025niangongyingzengzhangyouxianhegongyingjinzhangdeyuceyuxingyexianshi(zhishaodao2025nianshangbanniankenenghuichuxiangongyingguoshenghejiageyali)zhijiancunzaituojie。dui2025niandedingjiahexuqiudeyucezhengbiandegengjiajinshen。fenxishiyuji，weilaijigeyuedefankuijiangfeichangbuwending，jutiqujueyuqiyexuqiu;sanxingdianzihbmdechenggonghe/huozhuanxiangbiaozhundram，yijiguanyunandliyonglvjiangdidecaice。

fenxishiduimeiguangkejideduanqikanfahaohuaicanban，duiqizhangqikanfazeshijijide。fenxishimenbuchongshuo，xingyefankuijixubiandegengjiajinshen，xueruoletamendui2025nianshangbannianmeiguangkejideleguantaidu。fenxishibiaoshi，meiguangkejirengyouyixiegaigongsiteyoudecuihuaji，keyituidongqiyejipaoyingdapan，baokuohbmheessddegujiashangzhang。

fenxishizhichu，duimeiguangkejizaizheixieshichangdexiangduidiweidefankuichixugaishan，yujiweilailiangdaosangejidudepingjunshoujiahelirunlvjiangzengzhang。ciwai，zhangqilaikan，fenxishirengranrenweimeiguangkejizaijishuzhuanxing、chanpinzuhe(essd、hbm)hechengbenjiegou/zichanfuzhaibiaofangmianchuyugengyoulidediwei。

butongyuciqianjieduanhuichuxiandenizhouqitouzi，zai2023-2024niancunchuchanyezhengtigongchangjiansheqingkuangyejiaoweilengqing，chuyujianchanhechannenghuifushiqi。zouguomangmukuozhangchanneng、yiguimoxiaoyinghangshijingzhengyoushideyemanshengzhangjieduan，cunchuchanyezhujianzouxiangjingxihua、jujiaoxianjinjishuhegaojiazhichanpindenghexinjingzhengli，jishuyouxian、jishulingxianjiangchengweizhujidiao。yinci，yekeyikandaozai2025nianjizhihou，gecunchuyuanchangdetouzikuochanzhongdianjiangfangzaigengjianduanjishulingyu。

sanxingdianzinand flashzhuyaoshengchanjidiweiyuhanguohezhongguoxian，qidramshengchanjidiweiyuhanguo。qizhongsanxingdianzizaihanguopingzedecunchuqishengchanjidiweiquanqiuzuidadecunchuqishengchanjidi，muqiansanxingdianzizaipingzegongjianchengyoup1、p2、p3sanzuogongchang，p4gongchangyujijiangyujinnianniandiwangong，mingniantouchan。juzuixinxiaoxi，sanxingdianziyiquedingp4diyitiaoshengchanxiandetouzifangxiang，jiangtongshiliangchannandhedram。ciwai，p5gongchangyezhengzaijianshezhong，butongyup1-p4gejinyousigejiejingshi，p5shiyizuoyongyoubagejiejingshidedaxingjingyuanchang，danp5dejutiyongtushangweiqueding，yuceyejianghuishirup3/p4yiyangdehunhegongchang。

chuxinjiangongchangchanxianwai，sanxingdianzihaizaizhenduijiuchanxiangaizao，rujihuajiangp2gongchangdedramshengchanxianyoushengchan1z dramgaiwei1b dramhuogengjianduandedramchanxian。

tongsanxingdianziyiyang，skhailishi（baokuosolidigm）decunchuqishengchanjidizhuyaofenbuzaihanguohezhongguo，qizhongnand flashshengchanjidiweiyuhanguohezhongguodalian，dramshengchanjidiweiyuhanguohezhongguowuxi。juxi，ciqiantingzhijianshedeweiyuhanguodem15xgongchangyijinghuifujianshe，jihuayumingnian11yuejungongbingshengchanbaokuohbmzaineidedramchanpin。

skhailishizaijinnianxiabannianyexuanbu，jiangzaiweilai5nianneitouzi103wanyihanyuan（yuehe747yimeiyuan），jiaqiangbandaotishiyejingzhengli，jihuajiangyue80%（yuehe595yimeiyuan）touziyuhbmdengaixiangguanlingyu。

meiguangdecunchuqishengchanjidizhuyaofenbuzaixinjiapo、riben、zhongguotaiwanhaiyoumeiguo，qizhongnand flashshengchanweiyuxinjiapohaiyoumeiguo，dramshengchanweiyuzhongguotaiwan、ribenhemeiguo。

juxi，meiguangzaizhongguotaiwangongchangjiangyu2025niankaishishengchan1 dram，ribenguangdaogongchangjiangyu2026niankaishishengchan。erqizaimeiguoxinjiandegongchangyujizai2026-2029nianqijiantouchan，aidahezhoujingyuanchangyuji2026nian9yuetouchandram，niuyuechangzejihua2028nianhuozhihoushangxian。