Jiang Bolong said during the conference call that the storage market is in a complex environment of shifting gears from the consumer price cycle to the AI-driven technology cycle. As storage wafer prices remain high, downstream customer demand is divided. Overall demand in the data center sector remains strong; in the consumer electronics sector, storage prices suppress the purchasing intentions of some customers, but demand from high-end customers, brand customers, and overseas customers remains resilient. Judging from comprehensive third-party information, the application of large AI models in the cloud and on the end side has become a clear industry trend, and it is expected to bring a continuous increase in demand to the storage industry in the medium to long term. At the same time, overseas original manufacturers are still adopting a relatively prudent capital expenditure strategy in the NAND Flash field, promoting moderate growth in NAND Flash supply through technological upgrades, and the relationship between supply and demand in the storage industry remains tight.

Jiang Bolong said during the conference call that the storage market is in a complex environment of shifting gears from the consumer price cycle to the AI-driven technology cycle. As storage wafer prices remain high, downstream customer demand is divided. Overall demand in the data center sector remains strong; in the consumer electronics sector, storage prices suppress the purchasing intentions of some customers, but demand from high-end customers, brand customers, and overseas customers remains resilient. Judging from comprehensive third-party information, the application of large AI models in the cloud and on the end side has become a clear industry trend, and it is expected to bring a continuous increase in demand to the storage industry in the medium to long term. At the same time, overseas original manufacturers are still adopting a relatively prudent capital expenditure strategy in the NAND Flash field, promoting moderate growth in NAND Flash supply through technological upgrades, and the relationship between supply and demand in the storage industry remains tight.