According to a research report released by CITIC Securities, the three leading memory manufacturers have temporarily ceased providing price quotations for DDR5. This has resulted in a sharp 25% increase in its spot market prices, with projections indicating a potential quarterly rise of 30% to 50%. The escalation in memory chip prices, in conjunction with CXMT's substantial capacity expansion and the commencement of HBM3 product deliveries, is anticipated to fuel continuous growth in the demand for upstream materials. Against the backdrop of potentially heightened external restrictions, China is expected to expedite its efforts toward technological self-sufficiency and independence. The processes of domestic substitution and autonomous technological control are likely to accelerate further, spurring additional demand for semiconductor materials. Therefore, it is recommended to closely monitor the CXMT industry chain and concentrate on the leading domestic suppliers of specialized semiconductor materials.