【德邦产业经济】存储芯片:周期属性凸显,AI 基建打开新空间

德邦证券研究
Sep 21

核心观点:存储行业市场空间大,周期属性强。存储芯片是半导体行业中是仅次于逻辑芯片的第二大细分领域。存储芯片相比其他半导体品种周期性较强,以 2023-2024 年为例,2023 年存储芯片市场规模为 923 亿元,同比下滑 29%,2024 年市场规模为1655 亿元,同比增长 79%。我们认为其周期性较强的主要原因分别是:1)技术段:产品标准化程度高,存储器的代际标准一般以 JEDEC 固态技术...

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