<p>全球內存供應危機正在席捲電子行業，激增的組件成本威脅到中國智能手機和寬帶設備製造商。來自 TrendForce 和 Counterpoint Research 的新數據顯示，消費者電子供應鏈面臨日益增加的風險，內存價格在人工智能數據中心持續需求的推動下飆升。根據週四發佈的 Counterpoint Research 數據，消費設備中使用的內存價格——從個人電腦和入門級智能手機到路由器和機頂盒——在過去一年中上漲了超過 600%。對於許多中國科技公司來説，後果正變成一場生存鬥爭。TrendForce 在週三的一份報告中表示，預計上升的內存成本將對 2026 年的全球智能手機生產產生壓力，產量預計將同比下降約 10%，降至大約 11 億部。專注於價格敏感的入門級市場的國內廠商——包括智能手機廠商小米和傳音——特別容易受到成本波動的影響，預計在 2026 年將看到 “生產的顯著下調”。這兩家公司已經開始收緊出貨目標。總部位於北京的小米已將其對上游供應商的最新出貨指導下調了 1000 萬至 7000 萬部，而總部位於深圳的傳音則將其年度目標下調了 3000 萬至 4500 萬部。相比之下，華為技術預計將保持相對韌性。TrendForce 表示：“在最壞情況下，華為可能經歷最小的生產調整，甚至可能在整體市場趨勢下實現增長，” 並引用了該公司更 “靈活的定價策略”。除了智能手機，寬帶硬件面臨的成本壓力更為嚴峻。Counterpoint 表示，過去九個月中，路由器和機頂盒中使用的消費內存價格幾乎上漲了七倍。內存現在佔路由器成本的 20% 以上，較一年前的 3% 大幅上升。中國的這一激增可能會使該國由中國移動、中國電信和中國聯通主導的 5G 快速部署變得複雜。Counterpoint 表示，運營商可能會面臨更高的路由器和機頂盒採購成本，因為 “內存寒冬” 持續，可能會延緩部署時間表。分析師補充道，電信公司需要密切關注價格動態，識別哪些設備製造商已確保足夠的供應，並跟蹤組件成本的變化。</p>

小米集團(ADR)

傳音控股

<p>全球內存供應衝擊正在影響中國的智能手機和寬帶製造商，過去一年內存價格因人工智能數據中心的高需求飆升超過 600%。預計這一激增將導致 2026 年全球智能手機生產減少 10%，影響到小米和傳音等公司，這些公司已經下調了出貨目標。與此同時，華為可能因靈活的定價策略而保持韌性。不斷上漲的成本也使中國的 5G 推廣變得複雜，因為電信運營商面臨着必需硬件的採購成本增加</p>

<p>A global memory supply shock is sweeping through the electronics industry, as surging component costs threaten to squeeze China’s smartphone and broadband equipment manufacturers. New data from TrendForce and Counterpoint Research point to mounting risks across the consumer electronics supply chain, with memory prices soaring amid a supply crunch driven by relentless demand from artificial intelligence data centres. Prices for memory used in consumer devices – from PCs and entry-level smartphones to routers and set-top boxes – had risen by more than 600 per cent over the past year, according to Counterpoint Research data released on Thursday. For many Chinese tech companies, the fallout is becoming a fight for survival. Rising memory costs were expected to weigh on global smartphone production in 2026, with output projected to fall about 10 per cent year on year to roughly 1.1 billion units, TrendForce said in a report on Wednesday. Domestic vendors focused on price-sensitive, entry-level segments – including smartphone vendors Xiaomi and Transsion – were particularly exposed to cost swings and were likely to see “significant downward revisions to production” in 2026, the firm said. Both companies have already moved to rein in shipment targets. Beijing-based Xiaomi has cut its latest shipment guidance for upstream suppliers by between 10 million and 70 million units, while Shenzhen-based Transsion has lowered its annual target by 30 million to 45 million units. Huawei Technologies, by contrast, is expected to remain relatively resilient. “Huawei is likely to experience the smallest production adjustment under the bear-case scenario, and could even post growth against the broader market trend,” TrendForce said, citing the company’s more “flexible pricing strategies.” Beyond smartphones, broadband hardware is facing even steeper cost pressures. Prices for consumer memory used in routers and set-top boxes had jumped nearly sevenfold over the past nine months, Counterpoint said. Memory now accounted for more than 20 per cent of a router’s cost, up from just 3 per cent a year earlier, it added. In China, the surge is poised to complicate the country’s aggressive 5G roll-out, led by major telecoms operators China Mobile, China Telecom and China Unicom. Operators were likely to face higher procurement costs for routers and set-top boxes as the “memory winter” persisted, potentially slowing deployment timelines, Counterpoint said. Telcos would need to monitor price dynamics closely, identify which device makers had secured adequate supply, and track shifts in component costs, the firm’s analysts added.</p>
<div class="lb-trans"><p>全球內存供應危機正在席捲電子行業，激增的組件成本威脅到中國智能手機和寬帶設備製造商。來自 TrendForce 和 Counterpoint Research 的新數據顯示，消費者電子供應鏈面臨日益增加的風險，內存價格在人工智能數據中心持續需求的推動下飆升。根據週四發佈的 Counterpoint Research 數據，消費設備中使用的內存價格——從個人電腦和入門級智能手機到路由器和機頂盒——在過去一年中上漲了超過 600%。對於許多中國科技公司來説，後果正變成一場生存鬥爭。TrendForce 在週三的一份報告中表示，預計上升的內存成本將對 2026 年的全球智能手機生產產生壓力，產量預計將同比下降約 10%，降至大約 11 億部。專注於價格敏感的入門級市場的國內廠商——包括智能手機廠商小米和傳音——特別容易受到成本波動的影響，預計在 2026 年將看到 “生產的顯著下調”。這兩家公司已經開始收緊出貨目標。總部位於北京的小米已將其對上游供應商的最新出貨指導下調了 1000 萬至 7000 萬部，而總部位於深圳的傳音則將其年度目標下調了 3000 萬至 4500 萬部。相比之下，華為技術預計將保持相對韌性。TrendForce 表示：“在最壞情況下，華為可能經歷最小的生產調整，甚至可能在整體市場趨勢下實現增長，” 並引用了該公司更 “靈活的定價策略”。除了智能手機，寬帶硬件面臨的成本壓力更為嚴峻。Counterpoint 表示，過去九個月中，路由器和機頂盒中使用的消費內存價格幾乎上漲了七倍。內存現在佔路由器成本的 20% 以上，較一年前的 3% 大幅上升。中國的這一激增可能會使該國由中國移動、中國電信和中國聯通主導的 5G 快速部署變得複雜。Counterpoint 表示，運營商可能會面臨更高的路由器和機頂盒採購成本，因為 “內存寒冬” 持續，可能會延緩部署時間表。分析師補充道，電信公司需要密切關注價格動態，識別哪些設備製造商已確保足夠的供應，並跟蹤組件成本的變化。</p>
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內存價格 “超過 600%” 的飆升震動了中國的手機和寬帶製造商