美韩担忧成真？中国“史诗级扩产”，内存芯片价格要崩？_老虎社区_美港股上老虎

美韩担忧成真？中国“史诗级扩产”，内存芯片价格要崩？

互联网乱侃秀05-31

如果大家关注内存，一定会知道从2025年7月份开始，全球的内存迎来了史诗级涨价周期，到目前已经持续快一年了。其中不管是DDR4、还是DDR5内存，不管是手机内存，还是电脑内存，或者服务器内存，均是平均涨了三四名，有些规格更是涨了七八倍。在这样的背景之下，内存企业是大赚特赚，比如三星、SK海力士、美光、长鑫，其营收、利润都是创造纪录，一个季度能赚以往一年，甚至几年的钱。为何会这么疯，原因是AI狂潮...

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金先生007
·05-31
太把自己当回事了，哪哪都中国老老实实就玩a股得了
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{"i18n":{"language":"zh_CN"},"data":{"share":"https://www.laohu8.com/m/news/2639600660?lang=zh_CN&edition=full","thumbnail":"","is_english":false,"pubTime":"2026-05-31 14:55","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2639600660","market":"sh","top_or_hot":-1,"title":"美韩担忧成真？中国“史诗级扩产”，内存芯片价格要崩？","media":"互联网乱侃秀","content":"<div>\n<p>如果大家关注内存，一定会知道从2025年7月份开始，全球的内存迎来了史诗级涨价周期，到目前已经持续快一年了。其中不管是DDR4、还是DDR5内存，不管是手机内存，还是电脑内存，或者服务器内存，均是平均涨了三四名，有些规格更是涨了七八倍。在这样的背景之下，内存企业是大赚特赚，比如三星、SK海力士、美光、长鑫，其营收、利润都是创造纪录，一个季度能赚以往一年，甚至几年的钱。为何会这么疯，原因是AI狂潮...</p>\n\n<a href=\"https://tech.ifeng.com/c/8tZn5N3F6qL\">网页链接</a>\n\n</div>\n","source":"ifeng_tech","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>美韩担忧成真？中国“史诗级扩产”，内存芯片价格要崩？</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n美韩担忧成真？中国“史诗级扩产”，内存芯片价格要崩？\n</h2>\n\n<h4 class=\"meta\">\n\n\n2026-05-31 14:55 北京时间&nbsp;&nbsp;&nbsp;<a href=https://tech.ifeng.com/c/8tZn5N3F6qL><strong>互联网乱侃秀</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>如果大家关注内存，一定会知道从2025年7月份开始，全球的内存迎来了史诗级涨价周期，到目前已经持续快一年了。其中不管是DDR4、还是DDR5内存，不管是手机内存，还是电脑内存，或者服务器内存，均是平均涨了三四名，有些规格更是涨了七八倍。在这样的背景之下，内存企业是大赚特赚，比如三星、SK海力士、美光、长鑫，其营收、利润都是创造纪录，一个季度能赚以往一年，甚至几年的钱。为何会这么疯，原因是AI狂潮...</p>\n\n<a href=\"https://tech.ifeng.com/c/8tZn5N3F6qL\">网页链接</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU2543165471.USD","symbol_name":"E FUND (HK) GLOBAL QUALITY GROWTH \"A\" (USD) ACC","start_time":0,"source_url":"https://tech.ifeng.com/c/8tZn5N3F6qL","article_id":"2639600660","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2639600660","pubTimestamp":1780210500,"columns":[],"sourceInfo":{"source_id":"ifeng_tech","name":"凤凰网财经"},"weMediaInfo":null,"summary":"不过，也有美国、韩国的一些专家认为，事实上并不会真的到2028年，特别是目前中国正在进行“史诗级扩产”，产能是翻倍的往上涨，可能会让内存芯片崩盘。所以，正如美、韩企业担忧的那样，随着中国“史诗级扩产”，内存芯片价格是真的要崩了，崩的不那么快，但要大涨，几乎已经不可能的了。","collect":0,"end_time":0,"defaultTopTitle":"ifeng.com","property":[],"viewcount":null,"language":"zh","relate_stocks":{"LU2543165471.USD":"E FUND (HK) GLOBAL QUALITY GROWTH \"A\" (USD) ACC","LU0203345920.USD":"SCHRODER ISF QEP GLB ACT. 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China's \"epic expansion\", will the price of memory chips collapse?","themeId":null,"isJumpTheme":false,"ttsUrl":"https://static.tigerbbs.com/e31f3f17b90bcccad03c8e5655ca34a7","symbols_score_info":{"MUD":0.6,"MU":1.8,"MULL":0.6,"MUU":0.6},"content_text":"如果大家关注内存，一定会知道从2025年7月份开始，全球的内存迎来了史诗级涨价周期，到目前已经持续快一年了。其中不管是DDR4、还是DDR5内存，不管是手机内存，还是电脑内存，或者服务器内存，均是平均涨了三四名，有些规格更是涨了七八倍。在这样的背景之下，内存企业是大赚特赚，比如三星、SK海力士、美光、长鑫，其营收、利润都是创造纪录，一个季度能赚以往一年，甚至几年的钱。为何会这么疯，原因是AI狂潮之下，AI基建吸走了全球近一半的内存产能，导致产品供不应求，越来越多的生产线向AI内存倾斜，于是价格一直涨。由于AI继续在狂飚，大家认为这轮涨价，或许要到2028年才会结束。不过，也有美国、韩国的一些专家认为，事实上并不会真的到2028年，特别是目前中国正在进行“史诗级扩产”，产能是翻倍的往上涨，可能会让内存芯片崩盘。特别是消费级的内存价格，应该是难以持续了，因为中国大陆扩产的主要就是消费级内存产能。果然，最近大家如果查看内存价格，就会发现消费内存的价格已经涨不动了。不管是日本，还是中国市场，或者德国市场等，其消费级的DDR5内存价格，已经是大幅下跌了，主流型号降幅普遍达15%-20%，部分高频旗舰产品跌幅甚至突破22%。并且大家认为，这些消费级内存基本也涨不上去了，未来或许还会跌下来，唯一还在涨的，只有AI内存还在涨，毕竟这个东西的需求确实还一直在增长，而产能没有明显增大。原因无非是三点，一是下游的用户已经不买了，从数据来看，目前不管是手机，还是电脑，或者是其它需要大量内存的消费电子产品，都卖不动了。特别是一些零售市场，比如DIY电脑市场，销量几乎是断崖式的腰斩，比如中国市场，像主板、GPU显卡等的出货量，都是跌了40%以上，说明消费者已经不买账了，你涨你的，反正我不买了。二是中国厂商目前确实在大规模的扩产，像长鑫一直在持续扩产，且长鑫更多的集中在消费级内存上，不断的扩产，能够保证稳定的供应，这对于接下来美韩厂商想涨价，是一个非常不利的因素。第三则是，目前真实的需求，其实是在下滑的，之所以涨价，其实是渠道商与芯片厂商联手做的局，如今涨不动，渠道商们也不敢囤货了，导致接下来也难讲了。所以，正如美、韩企业担忧的那样，随着中国“史诗级扩产”，内存芯片价格是真的要崩了，崩的不那么快，但要大涨，几乎已经不可能的了。最多也就是在中国厂商不曾发力的HBM领域，大涨特涨，这一块中国厂商确实没有优势，所以还是他们说了算。","kind":"news","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"economic","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":1,"need_auth":false,"need_login_tip":false,"code":"91000000","status":"200"},"commentList":[{"id":570256091780064,"gmtCreate":1780226954252,"gmtModify":1780228909644,"author":{"id":"3547636263291151","authorId":"3547636263291151","name":"金先生007","avatar":"https://static.tigerbbs.com/5111fb5535817718d35cb5b8a4eb93e2","vip":1,"crmLevel":1,"crmLevelSwitch":0,"wearingBadges":[],"authorIdStr":"3547636263291151","idStr":"3547636263291151"},"htmlText":"太把自己当回事了， 哪哪都中国 老老实实就玩a股得了","listText":"太把自己当回事了， 哪哪都中国 老老实实就玩a股得了","text":"太把自己当回事了， 哪哪都中国 老老实实就玩a股得了","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/570256091780064","repostId":2639600660,"repostType":2,"repost":{"id":"2639600660","kind":"news","pubTimestamp":1780210500,"share":"https://www.laohu8.com/m/news/2639600660?lang=zh_CN&edition=full","pubTime":"2026-05-31 14:55","market":"sh","language":"zh","title":"美韩担忧成真？中国“史诗级扩产”，内存芯片价格要崩？","url":"https://stock-news.laohu8.com/highlight/detail?id=2639600660","media":"互联网乱侃秀","summary":"不过，也有美国、韩国的一些专家认为，事实上并不会真的到2028年，特别是目前中国正在进行“史诗级扩产”，产能是翻倍的往上涨，可能会让内存芯片崩盘。所以，正如美、韩企业担忧的那样，随着中国“史诗级扩产”，内存芯片价格是真的要崩了，崩的不那么快，但要大涨，几乎已经不可能的了。","content":"<html><body><p>如果大家关注内存，一定会知道从2025年7月份开始，全球的内存迎来了史诗级涨价周期，到目前已经持续快一年了。</p><p>其中不管是DDR4、还是DDR5内存，不管是手机内存，还是电脑内存，或者服务器内存，均是平均涨了三四名，有些规格更是涨了七八倍。</p><p><img src=\"data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAEAAAABAQMAAAAl21bKAAAAA1BMVEXy8vJkA4prAAAACklEQVQI12NgAAAAAgAB4iG8MwAAAABJRU5ErkJggg==\"/></p><p>在这样的背景之下，内存企业是大赚特赚，比如<a href=\"https://laohu8.com/S/SMSN.UK\">三星</a>、SK海力士、<a href=\"https://laohu8.com/S/MU\">美光</a>、长鑫，其营收、利润都是创造纪录，一个季度能赚以往一年，甚至几年的钱。</p><p>为何会这么疯，原因是AI狂潮之下，AI基建吸走了全球近一半的内存产能，导致产品供不应求，越来越多的生产线向AI内存倾斜，于是价格一直涨。</p><p>由于AI继续在狂飚，大家认为这轮涨价，或许要到2028年才会结束。</p><p><img src=\"data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAEAAAABAQMAAAAl21bKAAAAA1BMVEXy8vJkA4prAAAACklEQVQI12NgAAAAAgAB4iG8MwAAAABJRU5ErkJggg==\"/></p><p>不过，也有美国、韩国的一些专家认为，事实上并不会真的到2028年，特别是目前中国正在进行“史诗级扩产”，产能是翻倍的往上涨，可能会让内存芯片崩盘。</p><p>特别是消费级的内存价格，应该是难以持续了，因为中国大陆扩产的主要就是消费级内存产能。</p><p>果然，最近大家如果查看内存价格，就会发现消费内存的价格已经涨不动了。</p><p><img src=\"data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAEAAAABAQMAAAAl21bKAAAAA1BMVEXy8vJkA4prAAAACklEQVQI12NgAAAAAgAB4iG8MwAAAABJRU5ErkJggg==\"/></p><p>不管是日本，还是中国市场，或者德国市场等，其消费级的DDR5内存价格，已经是大幅下跌了，主流型号降幅普遍达15%-20%，部分高频旗舰产品跌幅甚至突破22%。</p><p>并且大家认为，这些消费级内存基本也涨不上去了，未来或许还会跌下来，唯一还在涨的，只有AI内存还在涨，毕竟这个东西的需求确实还一直在增长，而产能没有明显增大。</p><p>原因无非是三点，一是下游的用户已经不买了，从数据来看，目前不管是手机，还是电脑，或者是其它需要大量内存的消费电子产品，都卖不动了。</p><p><img src=\"data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAEAAAABAQMAAAAl21bKAAAAA1BMVEXy8vJkA4prAAAACklEQVQI12NgAAAAAgAB4iG8MwAAAABJRU5ErkJggg==\"/></p><p>特别是一些零售市场，比如DIY电脑市场，销量几乎是断崖式的腰斩，比如中国市场，像主板、GPU显卡等的出货量，都是跌了40%以上，说明消费者已经不买账了，你涨你的，反正我不买了。</p><p>二是中国厂商目前确实在大规模的扩产，像长鑫一直在持续扩产，且长鑫更多的集中在消费级内存上，不断的扩产，能够保证稳定的供应，这对于接下来美韩厂商想涨价，是一个非常不利的因素。</p><p>第三则是，目前真实的需求，其实是在下滑的，之所以涨价，其实是渠道商与芯片厂商联手做的局，如今涨不动，渠道商们也不敢囤货了，导致接下来也难讲了。</p><p><img src=\"data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAEAAAABAQMAAAAl21bKAAAAA1BMVEXy8vJkA4prAAAACklEQVQI12NgAAAAAgAB4iG8MwAAAABJRU5ErkJggg==\"/></p><p>所以，正如美、韩企业担忧的那样，随着中国“史诗级扩产”，内存芯片价格是真的要崩了，崩的不那么快，但要大涨，几乎已经不可能的了。</p><p>最多也就是在中国厂商不曾发力的HBM领域，大涨特涨，这一块中国厂商确实没有优势，所以还是他们说了算。</p></body></html>","source":"ifeng_tech","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; 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height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n美韩担忧成真？中国“史诗级扩产”，内存芯片价格要崩？\n</h2>\n\n<h4 class=\"meta\">\n\n\n2026-05-31 14:55 北京时间&nbsp;&nbsp;&nbsp;<a href=https://tech.ifeng.com/c/8tZn5N3F6qL><strong>互联网乱侃秀</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>如果大家关注内存，一定会知道从2025年7月份开始，全球的内存迎来了史诗级涨价周期，到目前已经持续快一年了。其中不管是DDR4、还是DDR5内存，不管是手机内存，还是电脑内存，或者服务器内存，均是平均涨了三四名，有些规格更是涨了七八倍。在这样的背景之下，内存企业是大赚特赚，比如三星、SK海力士、美光、长鑫，其营收、利润都是创造纪录，一个季度能赚以往一年，甚至几年的钱。为何会这么疯，原因是AI狂潮...</p>\n\n<a href=\"https://tech.ifeng.com/c/8tZn5N3F6qL\">网页链接</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"LU2543165471.USD":"E FUND (HK) GLOBAL QUALITY GROWTH \"A\" (USD) ACC","LU0203345920.USD":"SCHRODER ISF QEP GLB ACT. 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