Recently, at an institutional research event, MeiG Smart Technology disclosed that it currently possesses a significant inventory value, with the majority being stockpiled storage chips. In the early stages of the storage chip price surge, the company strategically amassed large quantities of these chips. This decision was based on a thorough assessment of its research and development projects, order status, and market forecasts, all aimed at ensuring the seamless fulfillment of customer orders. This strategic move has had a favorable impact on the profitability of subsequent products.

Furthermore, MeiG Smart Technology has effectively and systematically passed on the cost increases resulting from the rising prices of storage chips to its downstream customers. Price adjustments have already been implemented for products such as automotive offerings and 5G products destined for overseas operators.