原文：

原文：
NOR flash “Severe Supply Shortage” with high density continued increases of 90-110% for H2.

I wonder who sells both high density NOR and SLC NAND? *cough cough, $ESMT*

For H1 hikes:
NOR: +100–120%
SLC NAND: +130–150%

For H2 hikes:
High-density NOR: 90-110% in H2
SLC NAND: ~70–75%.

Obviously there’s others from Winbond / Macronix / Gigadevice, but my idea and position with ESMT is that it’s the largest beneficiary of the shortage relative to size. (they sell NOR: >256Mb)

The moderate bearish part is:

“For mid- and low-capacity products of 128Mb and below, additional capacity from Chinese suppliers is gradually coming online.

Price increases for consumer-grade products are therefore expected to moderate”

However, this update is overwhelmingly bullish for earnings of legacy memory players.

Let the ASP hike games continue.

翻译：
NOR flash “严重供应短缺”，高密度在 H2 仍将上涨 90-110%。

我想知道谁同时销售高密度 NOR 和 SLC NAND？*咳咳，$ESMT*

H1 涨幅：
NOR：+100–120%
SLC NAND：+130–150%

H2 涨幅：
高密度 NOR：90-110%（H2）
SLC NAND：约 70–75%。

显然还有 Winbond / Macronix / Gigadevice 等供应商，但我对 ESMT 的看法和仓位是，它相对于规模是此次短缺的最大受益者。（他们销售的 NOR >256Mb）

适度的看空因素是：

“对于 128Mb 及以下的中低容量产品，来自中国供应商的额外产能正逐步投产。

因此消费级产品的价格上涨预计会趋缓”

然而，此次更新对传统存储厂商的业绩极为利好。

让 ASP 涨价游戏继续。