Following Morgan Stanley's report titled "Winter is Coming" last year, the semiconductor industry endured a significant market downturn. However, the first half of 2025 saw promising signs of recovery in the global chip market, particularly in the realm of memory chips. Both commodity DRAM and High Bandwidth Memory (HBM) experienced a resurgence, marked by rising market prices, declining inventories, and a resurgence in order volumes, signaling the dawn of a new era for the industry.