Hui Rong is the global leader in flash memory chip design. It is a Nasdaq listed company. Last year, flash memory was out of stock and operating performance was worse than the previous year.
As the market believes that the price of flash memory is too high, system makers are buying less, Hui Rong has a conservative outlook for the first quarter and this year. It is estimated that the combined revenue in the first quarter will decline by 3% to 7%, and the annual consolidated revenue will increase by 5~10. %.
However, Hui Rong's views on the market situation have recently changed dramatically, turning optimistic towards operational growth. The reason is that the output of 3D NAND Flash has quickly risen and the price has dropped. This has increased the willingness of system manufacturers to pull goods, and the volume of shipments in March has increased.
Zhai Jiazhang emphasized that international companies such as Samsung, SK hynix, Toshiba and WD, Intel and Micron will fully expand their production capacity. The capacity of 96-layer or QLC specification 3D NAND at the end of this year will be largely opened up, and the price pressure will be higher in the first half of the year. , Next year, plus Yangtze River's Yangtze River storage capacity, which is owned by China's Mainland China's Ziguang Group, will open up.
He believes that the NAND Flash market is unlikely to be out of stock last year, this season will be greater decline, but in the second half of a number of mobile phone manufacturers will launch new machines, equipped with memory capacity will be raised to 128GB level, and HDD hard disk will gradually Replaced by solid-state drives (SSDs), NAND Flash's growth momentum is still strong. In the third quarter, NAND Flash will stop falling. Under the balance between supply and demand, the overall market conditions are relatively healthy.
As NAND Flash volume increased and decreased, downstream import speeds up, and Huirong's full-year operation is very favorable. Especially, the penetration rate of SSDs and embedded flash memory (eMMC) has increased significantly. Market expectations, Huirong may be At the end of the season, when the law came out, the annual growth forecast was revised up.