Memory is one of the most concentrated and critical profit segments in the AI world. It has long been dominated by three companies: South Korea's Samsung, SK Hynix, and the US's Micron — together they account for about 90% of the global market. China's presence in this area in the past was almost zero.

So you can understand, this is not just a business; it's a strategic position at the national level. Whoever has a say in memory holds a crucial checkpoint in the AI era's industrial chain that others cannot bypass.

$CXMT(688825.SH)$Micron Tech(MU.US)$SK Hynix(SKHY.US)