Storage Chip Shortage May Continue Until 2030, Longsys Electronics Stock Hits Intraday All-Time High

(Source: Caixin)

AI large model technology has exceeded expectations in iterative upgrades, leading to explosive growth in global token consumption. This has driven massive demand for data storage, processing, and retrieval, ushering in a super boom cycle for the storage industry.

On the morning of March 18, Longke Technology (300042.SZ) briefly surged over 18% during trading, with the stock reaching a record high of 60.5 yuan per share.

According to news reports, on Tuesday (March 17) local time, Choi Tae-yoon, Chairman of SK Group in South Korea, stated at NVIDIA GTC in San Jose, California, that due to systemic bottlenecks in chip production, the global shortage of memory chips is likely to persist until 2030. Meanwhile, he predicted that prices for various storage chips such as DRAM, NAND, and HBM will continue to rise, with the upward trend potentially lasting for a long time.

Southwest Securities pointed out that the unexpected iterative upgrades in AI large model technology have caused a surge in global token consumption, creating enormous demand for data storage, processing, and retrieval. The storage industry is entering a super cycle. Overseas major manufacturers are shifting limited capacity toward high-margin HBM and DDR5 products, severely squeezing capacity for consumer and low-end storage chips, thereby widening the supply-demand gap. Additionally, after overexpanding capacity and capital expenditure in the last cycle, storage manufacturers are now more cautious in expanding production in this cycle. High-end HBM storage chips face challenges such as long cleanroom construction cycles and difficulty in improving yield rates, resulting in short-term tight supply. Under the backdrop of exploding demand and rigid supply, CFM flash memory market forecasts that storage prices will continue to rise overall through 2026.

The institution believes that amid the booming global storage industry, domestic storage companies are rapidly rising, leveraging engineer talent, improved infrastructure, and a complete industry chain. Represented by Yangtze Memory, Changxin Memory, GigaDevice (603986.SH), and Jiangbolong (301308.SZ), these local enterprises are expanding capacity and steadily improving yields through independent architecture innovation and process iteration. They are making breakthroughs in AI computing power, consumer electronics, and enterprise markets, shifting China’s storage industry from scale growth to technological leadership.