storage

The semiconductor research institution SemiAnalysis has released a latest analysis indicating that Changxin Memory Technologies (CXMT) has clearly become the world's fourth largest DRAM manufacturer. Although its production capacity and cash flow are continuously growing, the institution believes that Changxin Memory still faces multiple challenges in equipment, technology, and market, and will not end the current storage "super cycle" in the short term.In terms of specific challenges, export controls on advanced semiconductor manufacturing equipment (such as EUV, advanced etching, and TSV tools) severely restrict Changxin's expansion into more advanced processes and high bandwidth memory (HBM) fields; although domestic equipment (such as Zhongwei Company, Northern Huachuang, etc.) has alleviated some pressure, it cannot fully resolve the integration and yield bottlenecks across multiple process links, resulting in its technology still lagging behind leading manufacturers by several generations. Additionally, Changxin's market share is currently still highly concentrated in the Chinese domestic market, with global expansion limited by geopolitical factors and customers' willingness to diversify their supply chains.In response to market concerns that Changxin might "impact the global market with cheap chips," SemiAnalysis clarified that there is currently a severe structural shortage in the DRAM market, and the increase in Changxin's production capacity may even struggle to fully meet domestic demand in China. In fact, the prices of Chinese memory chips are also soaring significantly, in line with the global upward trend, and Changxin is similarly a beneficiary of the shortage premium. Therefore, Changxin Memory should be viewed as a long-term structural competitive force, and in the current context of accelerated AI demand and constrained supply, it cannot shake the fundamental super cycle dominated by leading manufacturers in the short term.

According to Wccftech, investment bank Jefferies' latest research report indicates that due to the ongoing global supply shortage and strong demand for AI computing power, memory chip prices are expected to see a significant increase in the second half of 2026 and in 2027.The report predicts that memory chip prices will rise by 40% to 50% quarter-on-quarter in the third quarter of 2026, and will continue to rise by 30% to 40% quarter-on-quarter in the fourth quarter; by 2027, the overall year-on-year price increase will reach 40% to 45%. It is not until 2028, with the introduction of 15% to 20% of new production capacity into the market, that prices are expected to decline.Additionally, the report emphasizes that currently about 50% of global memory production capacity is locked in by long-term agreements (LTA) with large technology companies, which will further compress supply in the consumer electronics market and drive up end-user costs. Analysts also believe that before the large-scale expansion of capacity by domestic Chinese memory manufacturers in 2028, it will be difficult to significantly alleviate the tight situation and prices in the global market.

According to a report by Reuters, informed sources revealed that Chinese memory chip manufacturer Changxin Memory Technologies (CXMT) has reached a long-term supply agreement with Tencent worth over 20 billion yuan (approximately 3 billion USD). This agreement mainly covers the supply of DRAM chips for servers over the next 3 to 5 years.The report pointed out that this large-scale cooperation comes as Changxin Memory is preparing for a 29.5 billion yuan IPO on the Shanghai Star Market. It is reported that Changxin Memory is currently negotiating similar collaborations with several other leading Chinese internet companies and is constructing a new DRAM factory in Shanghai. Once the new capacity is fully operational, its monthly DRAM wafer production capacity is expected to double to about 600,000 wafers.

According to the Financial Times, Apple is lobbying the Trump administration for approval to purchase memory chips from Chinese chipmaker Changxin Storage. Due to multiple factors leading to a rise in memory prices, Apple unusually raised the prices of MacBook and iPad on Thursday, resulting in a market value loss of $263 billion. Apple hopes to alleviate the financial pressure from suppliers by including Changxin Storage in its list of memory suppliers.Changxin Storage and Yangtze Memory Technologies have currently been placed on the U.S. Department of Defense's blacklist of Chinese military companies (the 1260H list). The U.S. Department of Commerce had planned to add Changxin Storage to the entity list last year, but the White House postponed the plan due to ongoing trade negotiations with China at that time. Currently, aside from Chinese companies, the global memory chip industry is mainly dominated by three companies: U.S.-based Micron, and South Korea's Samsung and SK Hynix.

According to the market data from the Gate platform, SPCX (SpaceX) reached a high of $225.44 in the last 24 hours, currently priced at $203.97, with a 24-hour decline of 4.09%; SNDK (SanDisk) reached a high of $2,163.99 in the last 24 hours, currently priced at $2,038.26, with a 24-hour decline of 2.85%. According to CoinGlass data, the 24-hour contract trading volume for Gate SPCX (SpaceX) reached $159 million; the 4-hour contract trading volume for Gate SNDK (SanDisk) was $20.5624 million, both ranking among the industry leaders.In addition, the second session of the Gate Live stock series public class will start broadcasting on June 17 at 16:00 (UTC+8), with the theme "3 Steps to Complete Your First Stock Trade." This session will focus on the practical process of stock trading, introducing fund transfers, selection of trading targets, in-market ordering processes, and fee rules, helping users quickly understand how to complete their first stock trade.Previously, Gate Direct to IPO completed the distribution of SPCX shares and officially opened trading on June 12, allowing users to participate in SPCX trading directly through the Gate stock area and seize investment opportunities in popular targets.

According to a report by Reuters, informed sources revealed that the U.S. government has currently postponed adding Chinese AI startup DeepSeek, memory chip manufacturer Changxin Storage (CXMT), and more than 100 other companies marked as "national security risks" to the U.S. Department of Commerce's trade blacklist (entity list). The report pointed out that this move by the Trump administration aims to avoid escalating tensions with Beijing.It is reported that the aforementioned companies had already received approval for inclusion from the U.S. interagency committee last year, but the Department of Commerce has not publicly announced any new additions to the entity list since October of last year, marking the longest update stagnation period in over a decade. In addition, some other Chinese companies marked as potential sanction targets for allegedly providing equipment related to Russian drones, selling restricted Nvidia chips to Chinese universities, or manufacturing unmanned devices for the Chinese military have also not been formally included on the list.

According to Caixin, Standard Chartered's Head of Financial and Strategic Clients for Hong Kong, Greater China, and North Asia, Zeng Jizhi, stated that Standard Chartered is studying the feasibility of establishing its own gold storage in Hong Kong and is considering different site options.If the plan materializes, Hong Kong is expected to become the first market where Standard Chartered Group establishes its own gold storage, and it would be one of the few banks to have its own storage in Hong Kong. Currently, Standard Chartered has already provided physical gold trading and related options financing services to Commercial and Investment Banking (CIB) clients. If the self-established gold storage is established, it could extend services to comprehensive gold trading services, including executing transactions, settlement, and storage.

The latest report from Gate Research Institute titled "Gate Research Institute: The Market Capitalization of the Three Storage Giants Exceeds One Trillion Dollars, Gate Supports Their Real Stock Trading" points out that as the demand for AI large model training and inference continues to grow, the global storage industry is entering a new round of value reassessment.The report shows that the market capitalizations of the three storage giants, Samsung Electronics, SK Hynix, and Micron Technology, have all surpassed one trillion dollars, reflecting a repricing of the strategic value of AI storage infrastructure. Among them, Micron Technology has recently officially joined the one trillion dollar market capitalization club, becoming one of the most watched reassessment targets in the AI storage industry chain.The report mentions that the current rise in the storage sector is not a rebound from the traditional DRAM cycle, but is driven by structural demand growth brought about by the expansion of AI data centers. The importance of high-end storage products such as High Bandwidth Memory (HBM), DDR5, and enterprise-level SSDs continues to increase, pushing storage from being a supporting component in the computing power system to becoming a key resource that affects model training efficiency, inference performance, and deployment costs.In addition, Gate has officially launched stock trading services, allowing users to trade mainstream securities market stocks and ETF assets using USDT, and has introduced perpetual contracts for stocks and leveraged ETF products, providing investors with more diversified trading and allocation tools to participate in AI storage and semiconductor theme investments.

According to The Block, Bernstein analysts stated that despite a cumulative net outflow of $2.6 billion from Bitcoin spot ETFs in 2026, the long-term argument for Bitcoin as a store of value has not changed.Since the beginning of this year, the net inflow into ETFs and corporate treasuries has been approximately $12 billion (about $60 billion in 2025), with corporate treasuries being the main driving force. Glassnode data shows that 61% of the circulating Bitcoin supply has been idle for over a year.The accumulation of corporate funds is the main force offsetting ETF liquidations, with Strategy raising $7.5 billion through STRC preferred stock products to acquire approximately 100,000 Bitcoins, and its $53 billion Bitcoin position can cover more than 30 times STRC's annual cash dividends of $1.2 billion.Analysts added that although Bitcoin inflows have slowed, capital is shifting towards real-world asset (RWA) tokenization-related infrastructure, with platforms like Hyperliquid seeing significant growth in trading volume in tokenized stocks and commodities markets.

Recently, the global memory chip sector has been active, with the expansion of AI computing power and the ongoing construction of data centers continuously driving market demand for high-performance storage products, attracting widespread attention from investors. According to Gate market data, Micron Technology (MU) reached a high of $933.49 in 24 hours, currently reported at $906.52, with a 24-hour increase of 3.49%; SK Hynix (SKHYNIX) reached a high of $1348.10 in 24 hours, currently reported at $1318.40, with a 24-hour increase of 8.31%. According to CoinGlass data, the trading volume of Gate MU (Micron Technology) contracts reached $11.3353 million in 24 hours, and the trading volume of Gate SKHYNIX (SK Hynix) contracts reached $3.9042 million in 24 hours, both ranking among the industry leaders, with the trading heat of related assets continuing to rise.

Against the backdrop of major U.S. stock indices being generally under pressure, the chip and storage sectors performed relatively strongly. According to Gate market data, Marvell Technology (MRVL) rose 3.56% on the day, closing at $291.64. According to CoinGlass data, the 24-hour trading volume of MRVL contracts on the Gate platform reached $10.09 million.Gate Stock allows users to trade over 10,000 mainstream U.S. stocks and ETFs using USDT, covering major U.S. securities trading markets and liquidity networks such as NYSE, Nasdaq, NYSE Arca, NYSE American, and BATS, and supports fractional trading starting from a minimum of 0.01 shares. Gate Stock has now fully integrated into the VIP tier system, where users only need to hold $2,000 to easily upgrade to VIP status, enjoying an exclusive trading fee rate of as low as 0.023% and 1V1 customer manager service. Leveraging Gate's unified account system, users can achieve one-stop management and allocation of digital assets and global securities assets on the same platform, further enhancing cross-market investment efficiency.

SK Hynix Group Chairman Choi Tae-won stated that the company plans to double its storage chip wafer production capacity in the next five years, and it is expected that the bottleneck issue in storage chip capacity may persist until 2030.

Ai Yi posted on platform X, stating that the whale NMTD.HL has shorted $15.2 million worth of U.S. stocks in the storage sector, including $11.22 million in SanDisk, $2.54 million in AMD, and $1.45 million in Micron, and is currently facing an unrealized loss of $2.47 million, not far from the liquidation price.NMTD.HL posted on May 1, stating "waiting for a 40% drop in SNDK with a large bearish candle."