DRAM还在超级周期里吗?337调查之外,更大的变量是供需与资本开支

同花顺
Sep 29

美国ITC启动对DRAM设备及下游产品的337调查,市场最容易产生的联想是:供应链受限,DRAM价格上涨,存储芯片(886042)行业格局随之重排。但真正需要回答的问题是,调查会不会立刻改变DRAM价格?答案并不简单。调查是扰动项,供需才是定价底盘。一、337调查会不会立刻改变DRAM价格DRAM价格变化,首先取决于有效供给、客户订单、渠道库存和产品结构,而不是单一政策事件本身。若调查最终只涉及...

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