On November 2, during a conference call, Longsys stated that the memory market is transitioning from a consumer price-driven cycle to an AI-driven technology cycle, and the environment remains complex. Memory wafer prices continue to stay high, and downstream customer demand is diverging: data center demand remains strong; in the consumer electronics sector, memory prices have somewhat dampened purchasing willingness among certain customers, but demand from high-end, brand, and overseas customers remains relatively resilient. Third-party information indicates that cloud-based and on-device deployment applications of AI large models have become a clear industry trend and are expected to bring sustained incremental demand to the memory industry in the medium to long term. Meanwhile, overseas original manufacturers are prudent in capital expenditure in the NAND Flash sector, mainly promoting moderate supply growth through technological upgrades, and the supply-demand relationship remains somewhat tight.