STOCKS | Dongxin Shares Expects Niche Memory Chip Prices to Keep Rising in the Second Half

Dongxin Shares said niche memory product price increases continued in the second quarter, and it expected prices to keep trending higher in the second half of the year. According to Jin10, the company disclosed an investor relations activity record stating that in the second quarter it benefited from overseas original manufacturers such as Samsung, Micron, Kioxia, SK Hynix and others gradually exiting the niche memory market, leading to a clear contraction on the supply side. It said demand in downstream application areas including network communications, security surveillance, consumer electronics, industrial control and automotive electronics continued to recover. The company added that the supply-demand imbalance was likely to persist in the short term, supporting a rising price trend for niche memory products. Looking at the full year, Dongxin Shares said that as the effects of overseas original manufacturers’ capacity adjustments are further released, it expected niche memory chip market prices to maintain an upward trend in the second half of the year.