界面新闻记者 | 李彪

界面新闻编辑 | 文姝琪

xiabannianshichangxingqingyourezhuanlenghou，cunchuxinpianzaiciyujing“handong”xinhao。

meiguodangdishijian12yue19ri，meiguocunchuxinpianjutoumeiguangpanqianfabu2025cainiandiyijiducaibao，youyucaibaobiaoxianbujishichangyuqiyinfadadie，shoupangujiadiechao16%，shizhiyou1150yimeiyuandiezhi967yimeiyuan，yiyediejin190yimeiyuan。

jinguanjinnianyouailashengshichang，shangbannianxingqingyeyoumingxianfusu，dancunchuxingyemuqianyijiuchuyuxiaxingzhouqidedigu。

meiguangcaibaoxianshi，gongsidiyicaiji（anmeigucainianyuzirannianhuansuanwei2024nian9yue1rizhi11yue30ri）yingshouwei87.1yimeiyuan，tongbiqunianshangzhang84%，jinglirunwei18.7yimeiyuan，zhengtifuheyuqi。danqiduidiercaijideyingshouyucezhiyinjinwei79yimeiyuan，yuandiyushichangciqianyuqide89yimeiyuan。

zheiyibeiguanyuqiyeyinfaleshichangdekankong。caibaofabudangtian，mogenshidanli、mogendatongfenfendafuxiadiaogongsimubiaojia，meiyinmeilinjiangmeiguangdepingjicong“mairu”xiadiaozhi“zhongxing”。

dangqianzhenggecunchushichangyidram（neicun）、nand flash（shancun）liangleixinpianweizhu，dramyuezhan60%，nand flashyuezhan40%。cong2022nianxiabanniankaishi，shichangyinchuxianyanzhongdegongguoyuqiuchufacunchuxinpianjiagebaodie，daozhizhongduocunchuchangshanglirunyaozhan、gujiadadie。

yuanbenjingliguo2022nian、2023nianlianxuliangniandehandonghou，shichangqidai2024nianshichudifandandekaishi，shangbannianyechuxianlezhidieshangzhangdejixiang，dancongmuqiandejieguokan，cunchuxinpianshichangrengweizouchuhandong。

财报数据显示，美光数据中心业务同比大增400%，AI存储产品HBM依然需求旺盛，但不足以拯救消费电子市场低迷的影响。anzhaomeiguangceo sanjay mehrotra deshuofa，suiranyouailadongcunchushichangshujuzhongxinyewudezengzhang，danzhanjugengdashichangfenedezhinengshouji、pcxiaofeidianzichanpinyijiupiruan，guoquyiniandefusuzhengtidiyuxingyeyuqi。

mogenshidanlijinnian9yuecengfabuguoyipianmingwei“handongjiangzhi”（winter looms）decunchushichangkankongbaogao。baogaozhichu，cunchuxingyejuyouzhouqixingtezheng，“handong”suishihuidaolai。zhinengshoujihepcdexiaoliangchixudimi，jiangzhijieyingxiangcunchuxinpiandexuqiu，zheiyiqushiyujijiangchixudao2026nian。

ercunchuchangshangyezaifuzhiquniandecaozuo，jianchanguodong。2022nianxiabannianchuxianlishijideshichangxiadiehou，sandacunchuxinpianchangsanxing、meiguang、skhailishi“buyuanyikuibenmaixinpian”，daitoujianchan。sandachangsuoshengchandedram、nand flashxinpianzongjiyuezhanquanqiujiuchengyishang，qunianyinian，cunchuxingyekaojianchanqukucunchenggongezhudiejiaqushi。

jinnianniandi，sanxing、kaixiadengzhuyaocunchuchangshangyoubeichuanchuzhengyunniangshishixinyilundejianchanjihua，xiwangtongguojianshaogongyinglailazhangjiage。

cunchuxinpianxingyexuyaogengzhangshijianmianduigongyingguosheng、xuqiubuzudewenti。jiemianxinwenjizhecongguoneiliangmingcunchuqudaoshangchulejiedao，jinniandeshichangshijifusuqingkuangbingbumingxian，chuleaicunchuxiangguanchanpin（hbmjiddr5neicun）youmingxianshangzhang，qitaneicunjishancunchanpinjiagerengchuyudiwei，shenzhichuxiandiejia。maifangyumaifangjinyinianlaidouzaiweiraojiagelaju，yitoushikehuyiranzaixiaohuakucun，caigoubaojiapubianbugao，lingyitoucunchuchangshangjinshenguanwangshichangxingqing，buyuanyi“kuiqianchuhuo”。