缺货??026å¹´ï?å­??¨å·¨å¤´é?½å?¨ç?????©äº§è¿?ä¸?AI???????¸å??¨ä»¶

????ç§????¿æ?¥æ?¥ã??æ¶????å­??¨å¤§??ç¾???æ­£å?¨ç??½å»ºè®?BM产线ï¼?并é?次è?????¨é©¬?¥è¥¿äº???äº?BM???¨æ?¥æ???°å»ºDRAM??ï¼?????????025å¹´å?????BMå¸???????é«?两å??以ä?ï¼?è¾¾å??0%å·þ@?³ã???¶è????????¨ç??HBM产è?½ä¸¥??ä¸?足ã??

ä¸?¿¡å»ºæ??????称ï?ä¸?????024å¹´ï?å­??¨å????è¿?2025å¹´ç??HBM产è?½ä?å·²è?é¢?è®??空ï?订å???½è?åºþ>???³ç?´è¾¾2026å¹´ä?季度????æ­¤ç??????©ä??¨ç???©äº§??ä¸?è¿?ï¼???å¸?å±?è¾???ï¼?ç¾?????HBM????产è?½ç????ä»?ä»?ä¸?Kæµ·å??å£???1/19????SKæµ·å??å£??½ç?¶å??BMç«???ä¸????é¢???ï¼?并ä?已走ä¸?大å??©äº§??è·???ä¸???ä¹?é¢?计ä?å¹?BM产è?½å?å¢??³å?»å¹´??2.9????????¿­ä»£æ?¹é???SKæµ·å??å£???ä¸????????½å·²å®???????6å±???æ··å??????????HBM??å­??????è¯?ï¼????¥å??¨ä?HBM4??产ã????????BMä¼?ä¸?ä¹?å·²å???????追赶ä¹?è·???ä¸??????ºï??????½å??å·²æ?????????¸ã??å°?æµ????¸ã??IC设å???ï¼?ä¹???代é????ç­?????BM产ä??¾ã??I??????æ±?é«?å¢?ä¸?ï¼?HBM??缺产?¶å?µä?ä¼???ç»???¿ä?段æ?¶é?´ï??¤ä?æµ·å?ä¸?大å??¨å·¨å¤´å???????æ±?????ä»·é?????并å??大è???å¼?????·æ????????产ä??¾ä??¿ç???½å??ä¼?ä¸?ï¼?ä¹?ä¼?????ä»??¥æ?´å?HBM??产ç?????????³æ³¨?¨å?æµ???设å???????ç­??³é??????ä¾?è´§è?½å??è¾?强ç???½å??ä¼?ä¸????????§ã??

??ç¦?è¯??¸æ???°ï?HBM???¥ç??ä¸?ä¸?¿­ä»£è??¿äº¦?±å??驱å??BM??ä»·é???ï¼?ï¼?1ï¼?HBM3E??é«?ç«?PU??????ï¼?2ï¼?HBM3Eä»?8å±???æ¸???级è??2å±???ï¼?3ï¼???GPUä¸?BM容é?????????¹æ????ä»???æµ?ç®?ï¼???ä»??ä¸?BM??æ±?????4??25年亦å°?ç¿»å??å¢??¿ï?25å¹´é??æ±???????è¾?0.8äº?Bï¼??´ä?å¸??ºè?模æ????è¾?11亿ç?????????HBMä¸?GPU?ºè´§???¶é?´å·®ä¸?GPU??????HBMåº?å­?建ç?ï¼???ä»??为å?³ä½¿????大è?模æ?©äº§ï¼?HBM?¨æ???¥ä?å°??¿æ??å¤?äº?ä¾?ä¸?åº?æ±????¿ã??ä¹?æ­£å?ºä?æ­¤ï?ä»?å¹?2????å·²é??å¯?5å¹?BMè¿?è¡?è®?»·ï¼?ä»·æ?¼å??æ­¥è?æ¶?~10%??HBM设å?建è??³æ³¨ï¼?èµ??¾è?¡ä»½??ç²¾æ?ºè¾¾?????å¾?/span>??????ç§???ç­?HBM????建è??³æ³¨ï¼???æµ·è?ç§????????°æ????强å???°æ????é£???????ç­???

责任���????
精彩?¨è??
??è½½æ?´å?
?¨é?¨è?è®