By 2025, the global memory chip market is set to enter a "super cycle," characterized by continuous price hikes for DRAM and NAND flash memory. In November, SanDisk substantially increased contract prices for NAND flash memory by as much as 50%. Prominent manufacturers like Samsung and SK Hynix also declared that DRAM contract prices would climb by up to 30% in the fourth quarter, with NAND flash memory contract prices expected to rise by 5% to 10%. The surge in AI demand has emerged as a pivotal factor, as AI servers necessitate significantly greater storage capacity and performance than traditional servers, fueling a dramatic uptick in storage requirements. Upstream manufacturers have made strategic shifts, allocating a substantial portion of their production capacity to higher-margin products like HBM and DDR5. This has led to a sharp reduction in the supply of mature process products, such as DDR4. Jiancheng Pan, the CEO of Phison Electronics, revealed that NAND flash memory prices have more than doubled over the past six months. He anticipates that the shortage and consequent price increases will persist for several years, potentially extending up to a decade. The escalation in storage prices has already filtered down to consumer end products, with flagship new smartphone models from domestic brands collectively seeing price hikes. Amidst this landscape, the domestic storage industry chain is primed to capitalize on development opportunities. Leading storage companies, including ChangXin Memory Technologies and Jiangsu Changjiang Electronics Technology, along with upstream material enterprises and storage module manufacturers, are all poised to reap the benefits.