𝗖𝗵𝗶𝗽𝗳𝗹𝗮𝘁𝗶𝗼𝗻: 𝗔𝗽𝗽𝗹𝗲'𝘀 𝗶𝗣𝗵𝗼𝗻𝗲 𝟭𝟴 𝗖𝗵𝗼𝗶𝗰𝗲 — 𝗣𝗿𝗼𝘁𝗲𝗰𝘁 𝗠𝗮𝗿𝗴𝗶𝗻𝘀 𝗼𝗿 𝗚𝗼 𝗳𝗼𝗿 𝘁𝗵𝗲 𝗞𝗶𝗹𝗹? 𝖶𝗂𝗍𝗁 𝗍𝗁𝖾 𝗂𝖯𝗁𝗈𝗇𝖾 𝟣𝟪 𝖺𝗇𝖽 @Apple’𝗌 𝖿𝗂𝗋𝗌𝗍 𝖿𝗈𝗅𝖽𝖺𝖻𝗅𝖾 𝗅𝖺𝗎𝗇𝖼𝗁 𝖺𝗋𝗈𝗎𝗇𝖽 𝗍𝗁𝖾 𝖼𝗈𝗋𝗇𝖾𝗋, 𝖠𝗉𝗉𝗅𝖾 𝖿𝖺𝖼𝖾𝗌 𝖺 𝖼𝗋𝗂𝗍𝗂𝖼𝖺𝗅 𝖼𝗁𝗈𝗂𝖼𝖾: 𝗉𝗋𝗈𝗍𝖾𝖼𝗍 𝗆𝖺𝗋𝗀𝗂𝗇𝗌 𝗈𝗋 𝗀𝗈 𝖿𝗈𝗋 𝗍𝗁𝖾 𝗄𝗂𝗅𝗅? 𝖬𝖾𝗆𝗈𝗋𝗒, 𝗌𝗍𝗈𝗋𝖺𝗀𝖾 𝖺𝗇𝖽 𝖺𝖽𝗏𝖺𝗇𝖼𝖾𝖽-𝗇𝗈𝖽𝖾 𝖲𝗈𝖢 𝖼𝗈𝗌𝗍𝗌 𝖺𝗋𝖾 𝗉𝗎𝗍𝗍𝗂𝗇𝗀 𝗌𝗂𝗀𝗇𝗂𝖿𝗂𝖼𝖺𝗇𝗍 𝗉𝗋𝖾𝗌𝗌𝗎𝗋𝖾 𝗈𝗇 𝗍𝗁𝖾 𝗂𝖯𝗁𝗈𝗇𝖾 𝟣𝟪 𝗅𝗂𝗇𝖾𝗎𝗉. 𝖠𝖼𝖼𝗈𝗋𝖽𝗂𝗇𝗀 𝗍𝗈 𝖢𝗈𝗎𝗇𝗍𝖾𝗋𝗉𝗈𝗂𝗇𝗍 𝖱𝖾𝗌𝖾𝖺𝗋𝖼𝗁 𝖾𝗌𝗍𝗂𝗆𝖺𝗍𝖾𝗌, 𝗍𝗁𝖾 𝖡𝗈𝖬 (𝖡𝗂𝗅𝗅 𝗈𝖿 𝖬𝖺𝗍𝖾𝗋𝗂𝖺𝗅𝗌) 𝖼𝗈𝗌𝗍 𝗈𝖿 𝗍𝗁𝖾 𝗁𝗂𝗀𝗁𝖾𝗌𝗍-𝗌𝗉𝖾𝖼 𝗂𝖯𝗁𝗈𝗇𝖾 𝟣𝟪 𝖯𝗋𝗈 𝖬𝖺𝗑 𝖼𝗈𝗎𝗅𝖽 𝗋𝗂𝗌𝖾 𝖻𝗒 𝗇𝖾𝖺𝗋𝗅𝗒 𝖴𝖲$𝟥𝟢𝟢. 𝖧𝗈𝗐𝖾𝗏𝖾𝗋, 𝖠𝗉𝗉𝗅𝖾 𝗂𝗌 𝗎𝗇𝗅𝗂𝗄𝖾𝗅𝗒 𝗍𝗈 𝗉𝖺𝗌𝗌 𝗍𝗁𝖾 𝖾𝗇𝗍𝗂𝗋𝖾 𝗂𝗇𝖼𝗋𝖾𝖺𝗌𝖾 𝗍𝗁𝗋𝗈𝗎𝗀𝗁 𝖺 𝗎𝗇𝗂𝖿𝗈𝗋𝗆 𝗉𝗋𝗂𝖼𝖾 𝗁𝗂𝗄𝖾. 𝗔𝗽𝗽𝗹𝗲 𝗵𝗮𝘀 𝘀𝗲𝘃𝗲𝗿𝗮𝗹 𝗹𝗲𝘃𝗲𝗿𝘀 𝘁𝗼 𝗽𝗿𝗼𝘁𝗲𝗰𝘁 𝗺𝗮𝗿𝗴𝗶𝗻𝘀: • 𝖳𝗂𝖾𝗋𝖾𝖽 𝗉𝗋𝗂𝖼𝗂𝗇𝗀 𝗍𝗈 𝖾𝖺𝗌𝖾 𝗌𝗍𝗂𝖼𝗄𝖾𝗋 𝗌𝗁𝗈𝖼𝗄 • 𝖲𝖾𝗋𝗏𝗂𝖼𝖾𝗌 𝖺𝗇𝖽 𝖠𝗉𝗉𝗅𝖾 𝖨𝗇𝗍𝖾𝗅𝗅𝗂𝗀𝖾𝗇𝖼𝖾 𝗆𝗈𝗇𝖾𝗍𝗂𝗓𝖺𝗍𝗂𝗈𝗇 • 𝖲𝗎𝗉𝗉𝗅𝗒 𝖼𝗁𝖺𝗂𝗇 𝖽𝗂𝗏𝖾𝗋𝗌𝗂𝖿𝗂𝖼𝖺𝗍𝗂𝗈𝗇 𝖺𝗇𝖽 𝗋𝖾𝗇𝖾𝗀𝗈𝗍𝗂𝖺𝗍𝗂𝗈𝗇 • 𝖫𝖾𝖺𝗌𝗂𝗇𝗀 𝖺𝗇𝖽 𝗌𝖾𝖼𝗈𝗇𝖽𝖺𝗋𝗒-𝗆𝖺𝗋𝗄𝖾𝗍 𝗌𝗍𝗋𝖺𝗍𝖾𝗀𝗂𝖾𝗌 • 𝖢𝖺𝗋𝗋𝗂𝖾𝗋 𝗌𝗎𝖻𝗌𝗂𝖽𝗂𝖾𝗌 𝖳𝗁𝖾 𝖻𝗂𝗀𝗀𝖾𝗋 𝗊𝗎𝖾𝗌𝗍𝗂𝗈𝗇: 𝖶𝗂𝗅𝗅 𝖠𝗉𝗉𝗅𝖾 𝗉𝗋𝗂𝗈𝗋𝗂𝗍𝗂𝗓𝖾 𝗆𝖺𝗋𝗀𝗂𝗇 𝗉𝗋𝗈𝗍𝖾𝖼𝗍𝗂𝗈𝗇 — 𝗈𝗋 𝗎𝗌𝖾 𝗉𝗋𝗂𝖼𝗂𝗇𝗀 𝗌𝗍𝗋𝖺𝗍𝖾𝗀𝗂𝖼𝖺𝗅𝗅𝗒 𝗍𝗈 𝗉𝗎𝗍 𝖾𝗏𝖾𝗇 𝗆𝗈𝗋𝖾 𝗉𝗋𝖾𝗌𝗌𝗎𝗋𝖾 𝗈𝗇 @Android? 𝗥𝗲𝗮𝗱 𝗼𝘂𝗿 𝗱𝗲𝘁𝗮𝗶𝗹𝗲𝗱 𝗮𝗻𝗮𝗹𝘆𝘀𝗶𝘀 𝘁𝗼 𝗲𝘅𝗽𝗹𝗼𝗿𝗲 𝗵𝗼𝘄 𝗔𝗽𝗽𝗹𝗲 𝗰𝗼𝘂𝗹𝗱 𝗻𝗮𝘃𝗶𝗴𝗮𝘁𝗲 𝗿𝗶𝘀𝗶𝗻𝗴 𝗰𝗼𝗺𝗽𝗼𝗻𝗲𝗻𝘁 𝗰𝗼𝘀𝘁 𝗽𝗿𝗲𝘀𝘀𝘂𝗿𝗲 𝘄𝗶𝘁𝗵 𝘁𝗵𝗲 𝗻𝗲𝘄 𝗶𝗣𝗵𝗼𝗻𝗲𝘀: counterpointresearch.com/en/… 𝗪𝗮𝗻𝘁 𝘁𝗼 𝘂𝗻𝗱𝗲𝗿𝘀𝘁𝗮𝗻𝗱 𝘄𝗵𝗮𝘁’𝘀 𝗱𝗿𝗶𝘃𝗶𝗻𝗴 𝗺𝗲𝗺𝗼𝗿𝘆 𝗽𝗿𝗶𝗰𝗲𝘀 𝗮𝗻𝗱 𝗵𝗼𝘄 𝘁𝗵𝗲𝘆 𝗮𝗿𝗲 𝗿𝗲𝘀𝗵𝗮𝗽𝗶𝗻𝗴 𝘀𝗺𝗮𝗿𝘁𝗽𝗵𝗼𝗻𝗲 𝗽𝗿𝗶𝗰𝗶𝗻𝗴? 𝗔𝗰𝗰𝗲𝘀𝘀 𝗖𝗼𝘂𝗻𝘁𝗲𝗿𝗽𝗼𝗶𝗻𝘁’𝘀 𝗚𝗹𝗼𝗯𝗮𝗹 𝗠𝗲𝗺𝗼𝗿𝘆 𝗣𝗿𝗶𝗰𝗲 𝗧𝗿𝗮𝗰𝗸𝗲𝗿 𝗮𝗻𝗱 𝗙𝗼𝗿𝗲𝗰𝗮𝘀𝘁 𝗵𝗲𝗿𝗲: counterpointresearch.com/en/… 𝗦𝘂𝗯𝘀𝗰𝗿𝗶𝗯𝗶𝗻𝗴 𝗰𝗹𝗶𝗲𝗻𝘁𝘀 𝗰𝗮𝗻 𝗮𝗰𝗰𝗲𝘀𝘀 𝗼𝘂𝗿 𝗠𝗲𝗺𝗼𝗿𝘆 (𝗗𝗥𝗔𝗠) 𝗧𝗿𝗮𝗰𝗸𝗲𝗿 𝗮𝗻𝗱 𝗙𝗼𝗿𝗲𝗰𝗮𝘀𝘁 𝗵𝗲𝗿𝗲: counterpointresearch.com/en/… #Apple #iPhone18 #Smartphones #Memory #DRAM #NAND #Android

𝗔𝗽𝗽𝗹𝗶𝗲𝗱 𝗠𝗮𝘁𝗲𝗿𝗶𝗮𝗹𝘀 𝗤𝟯 𝗙𝗬𝟮𝟬𝟮𝟲 𝗘𝗮𝗿𝗻𝗶𝗻𝗴𝘀: 𝗥𝗶𝗱𝗶𝗻𝗴 𝘁𝗵𝗲 𝗔𝗜 𝗜𝗻𝗳𝗿𝗮𝘀𝘁𝗿𝘂𝗰𝘁𝘂𝗿𝗲 𝗪𝗮𝘃𝗲 𝘄𝗶𝘁𝗵 𝗥𝗲𝗰𝗼𝗿𝗱 𝗥𝗲𝘃𝗲𝗻𝘂𝗲 𝗮𝗻𝗱 𝗚𝗿𝗼𝘀𝘀 𝗠𝗮𝗿𝗴𝗶𝗻𝘀 Applied Materials’ (@Applied4Tech) 𝖰𝟥 𝖥𝖸 𝟤𝟢𝟤𝟨 𝗋𝖾𝗏𝖾𝗇𝗎𝖾 𝗀𝗋𝖾𝗐 𝟤𝟧% 𝖸𝗈𝖸, 𝗐𝗂𝗍𝗁 𝗀𝗋𝗈𝗌𝗌 𝗆𝖺𝗋𝗀𝗂𝗇 𝗋𝖾𝖺𝖼𝗁𝗂𝗇𝗀 𝖺 𝗁𝗂𝗌𝗍𝗈𝗋𝗂𝖼𝖺𝗅 𝗁𝗂𝗀𝗁. 𝖦𝗋𝗈𝗐𝗍𝗁 𝗐𝖺𝗌 𝖽𝗋𝗂𝗏𝖾𝗇 𝖻𝗒 𝗋𝖾𝖼𝗈𝗋𝖽 𝖲𝖾𝗆𝗂𝖼𝗈𝗇𝖽𝗎𝖼𝗍𝗈𝗋 𝖲𝗒𝗌𝗍𝖾𝗆𝗌 𝗋𝖾𝗏𝖾𝗇𝗎𝖾, 𝗌𝗎𝗉𝗉𝗈𝗋𝗍𝖾𝖽 𝖻𝗒 𝗌𝗍𝗋𝗈𝗇𝗀 𝖽𝖾𝗆𝖺𝗇𝖽 𝖿𝗈𝗋 𝖠𝖨 𝖼𝗈𝗆𝗉𝗎𝗍𝗂𝗇𝗀 𝗂𝗇𝖿𝗋𝖺𝗌𝗍𝗋𝗎𝖼𝗍𝗎𝗋𝖾, 𝖣𝖱𝖠𝖬, 𝖺𝗇𝖽 𝖺𝖽𝗏𝖺𝗇𝖼𝖾𝖽 𝗉𝖺𝖼𝗄𝖺𝗀𝗂𝗇𝗀. 𝗞𝗲𝘆 𝗧𝗮𝗸𝗲𝗮𝘄𝗮𝘆𝘀: • 𝖱𝖾𝖼𝗈𝗋𝖽 𝗋𝖾𝗏𝖾𝗇𝗎𝖾 𝗈𝖿 $𝟫.𝟣𝟣𝖡, 𝗎𝗉 𝟤𝟧% 𝖸𝗈𝖸, 𝗐𝗂𝗍𝗁 𝗀𝗋𝗈𝗌𝗌 𝗆𝖺𝗋𝗀𝗂𝗇 𝗋𝖾𝖺𝖼𝗁𝗂𝗇𝗀 𝖺 𝗋𝖾𝖼𝗈𝗋𝖽 𝟧𝟢.𝟦%. • 𝖲𝖾𝗆𝗂𝖼𝗈𝗇𝖽𝗎𝖼𝗍𝗈𝗋 𝖲𝗒𝗌𝗍𝖾𝗆𝗌 𝗋𝖾𝗏𝖾𝗇𝗎𝖾 𝗋𝗈𝗌𝖾 𝟤𝟩% 𝖸𝗈𝖸 𝗍𝗈 $𝟩.𝟢𝟦𝖡, 𝖽𝗋𝗂𝗏𝖾𝗇 𝖻𝗒 𝖿𝗈𝗎𝗇𝖽𝗋𝗒-𝗅𝗈𝗀𝗂𝖼 𝖺𝗇𝖽 𝗋𝖾𝖼𝗈𝗋𝖽 𝖣𝖱𝖠𝖬 𝗋𝖾𝗏𝖾𝗇𝗎𝖾. • 𝖧𝖡𝖬 𝗉𝖺𝖼𝗄𝖺𝗀𝗂𝗇𝗀 𝗋𝖾𝗏𝖾𝗇𝗎𝖾 𝗀𝗋𝖾𝗐 𝟧𝟤% 𝖸𝗈𝖸. • 𝖠𝖽𝗏𝖺𝗇𝖼𝖾𝖽 𝗉𝖺𝖼𝗄𝖺𝗀𝗂𝗇𝗀 𝗋𝖾𝗏𝖾𝗇𝗎𝖾 𝗀𝗋𝖾𝗐 𝗆𝗈𝗋𝖾 𝗍𝗁𝖺𝗇 𝟩𝟢% 𝗂𝗇 𝖼𝖺𝗅𝖾𝗇𝖽𝖺𝗋 𝟤𝟢𝟤𝟨, 𝗐𝗂𝗍𝗁 𝖼𝗈𝗇𝗍𝗂𝗇𝗎𝖾𝖽 𝖠𝖨 𝗂𝗇𝖿𝗋𝖺𝗌𝗍𝗋𝗎𝖼𝗍𝗎𝗋𝖾 𝖽𝖾𝗆𝖺𝗇𝖽. • 𝖯𝖺𝗋𝗍𝗇𝖾𝗋𝗌𝗁𝗂𝗉𝗌 𝗐𝗂𝗍𝗁 @Broadcom, SCREEN, @UCBerkeley 𝖺𝗇𝖽 EssilorLuxottica (@EssiLux) 𝗌𝗍𝗋𝖾𝗇𝗀𝗍𝗁𝖾𝗇 𝖠𝗉𝗉𝗅𝗂𝖾𝖽’𝗌 𝗉𝗈𝗌𝗂𝗍𝗂𝗈𝗇 𝖺𝖼𝗋𝗈𝗌𝗌 𝖺𝖽𝗏𝖺𝗇𝖼𝖾𝖽 𝗉𝖺𝖼𝗄𝖺𝗀𝗂𝗇𝗀, 𝗉𝗋𝗈𝖼𝖾𝗌𝗌 𝖱&𝖣 𝖺𝗇𝖽 𝗇𝖾𝗑𝗍-𝗀𝖾𝗇𝖾𝗋𝖺𝗍𝗂𝗈𝗇 𝖠𝖨/𝗌𝗆𝖺𝗋𝗍 𝖾𝗒𝖾𝗐𝖾𝖺𝗋 𝗍𝖾𝖼𝗁𝗇𝗈𝗅𝗈𝗀𝗂𝖾𝗌. 𝗥𝗲𝗮𝗱 𝗼𝘂𝗿 𝗳𝘂𝗹𝗹 𝗮𝗻𝗮𝗹𝘆𝘀𝗶𝘀 𝗼𝗻 𝗵𝗼𝘄 𝗦𝗞 𝗵𝘆𝗻𝗶𝘅, 𝗔𝗽𝗽𝗹𝗶𝗲𝗱 𝗠𝗮𝘁𝗲𝗿𝗶𝗮𝗹𝘀 𝗮𝗻𝗱 𝗕𝗘𝗦𝗜 𝗮𝗿𝗲 𝗰𝗼-𝗼𝗽𝘁𝗶𝗺𝗶𝘇𝗶𝗻𝗴 𝗵𝘆𝗯𝗿𝗶𝗱 𝗯𝗼𝗻𝗱𝗶𝗻𝗴 𝘁𝗼 𝘂𝗻𝗹𝗼𝗰𝗸 𝗻𝗲𝘅𝘁-𝗴𝗲𝗻 𝗛𝗕𝗠: counterpointresearch.com/en/… #AppliedMaterials #Semiconductors #HBM #DRAM #ChipManufacturing #TechEarnings #AI $AMAT $SKHY

𝗧𝗵𝗲 𝗡𝗲𝘅𝘁 𝗙𝗼𝗹𝗱𝗮𝗯𝗹𝗲 𝗕𝗮𝘁𝘁𝗹𝗲𝗴𝗿𝗼𝘂𝗻𝗱 𝗜𝘀𝗻'𝘁 𝘁𝗵𝗲 𝗛𝗶𝗻𝗴𝗲, 𝗜𝘁'𝘀 𝗪𝗵𝗼 𝗖𝗮𝗻 𝗠𝗮𝗸𝗲 𝘁𝗵𝗲 𝗖𝗿𝗲𝗮𝘀𝗲 𝗗𝗶𝘀𝗮𝗽𝗽𝗲𝗮𝗿 𝖲𝖺𝗆𝗌𝗎𝗇𝗀'𝗌 𝖥𝗅𝖾𝗑 𝖳𝗂𝗍𝖺𝗇𝗂𝗎𝗆 𝗈𝗇 𝗍𝗁𝖾 𝗇𝖾𝗐 𝖦𝖺𝗅𝖺𝗑𝗒 𝖹 𝖥𝗈𝗅𝖽𝟪 𝗌𝖾𝗋𝗂𝖾𝗌, 𝖮𝖯𝖯𝖮'𝗌 𝗓𝖾𝗋𝗈-𝖿𝖾𝖾𝗅 𝖼𝗋𝖾𝖺𝗌𝖾 𝗈𝗇 𝗍𝗁𝖾 𝖥𝗂𝗇𝖽 𝖭𝟨, 𝖺𝗇𝖽 𝗉𝖺𝗇𝖾𝗅-𝗆𝖺𝗄𝖾𝗋 𝖽𝖾𝗆𝗈𝗌 𝖺𝗋𝖾 𝖺𝗅𝗅 𝗋𝖺𝖼𝗂𝗇𝗀 𝗍𝗈 𝗌𝗈𝗅𝗏𝖾 𝗍𝗁𝖾 𝗌𝖺𝗆𝖾 𝗉𝗋𝗈𝖻𝗅𝖾𝗆: 𝖺 𝖼𝗋𝖾𝖺𝗌𝖾-𝖿𝗋𝖾𝖾 𝖽𝗂𝗌𝗉𝗅𝖺𝗒 𝗍𝗁𝖺𝗍 𝗌𝗍𝗂𝗅𝗅 𝖿𝗈𝗅𝖽𝗌 𝗍𝗁𝗈𝗎𝗌𝖺𝗇𝖽𝗌 𝗈𝖿 𝗍𝗂𝗆𝖾𝗌. 𝖮𝗎𝗋 𝗅𝖺𝗍𝖾𝗌𝗍 𝗋𝖾𝗉𝗈𝗋𝗍 𝖿𝗈𝗋𝖾𝖼𝖺𝗌𝗍𝗌 𝖿𝗈𝗅𝖽𝖺𝖻𝗅𝖾 𝗉𝖺𝗇𝖾𝗅 𝗌𝗁𝗂𝗉𝗆𝖾𝗇𝗍𝗌 𝗍𝗈 𝗀𝗋𝗈𝗐 𝟤𝟦% 𝖸𝗈𝖸 𝗍𝗈 𝟤𝟩.𝟧 𝗆𝗂𝗅𝗅𝗂𝗈𝗇 𝗎𝗇𝗂𝗍𝗌 𝗂𝗇 𝟤𝟢𝟤𝟨. 𝖳𝗁𝖾 𝖻𝗋𝖺𝗇𝖽𝗌 𝗍𝗁𝖺𝗍 𝗆𝖺𝗌𝗍𝖾𝗋 𝗍𝗁𝖾 "𝗌𝗍𝖺𝖼𝗄," 𝗇𝗈𝗍 𝗃𝗎𝗌𝗍 𝗍𝗁𝖾 𝗁𝗂𝗇𝗀𝖾, 𝗐𝗂𝗅𝗅 𝖽𝖾𝖿𝗂𝗇𝖾 𝗍𝗁𝖾 𝗇𝖾𝗑𝗍 𝗉𝗁𝖺𝗌𝖾 𝗈𝖿 𝗍𝗁𝗂𝗌 𝖼𝖺𝗍𝖾𝗀𝗈𝗋𝗒. 𝗞𝗲𝘆 𝗧𝗮𝗸𝗲𝗮𝘄𝗮𝘆𝘀: • 𝖥𝗈𝗅𝖽𝖺𝖻𝗅𝖾 𝖽𝗂𝗌𝗉𝗅𝖺𝗒 𝖼𝗈𝗆𝗉𝖾𝗍𝗂𝗍𝗂𝗈𝗇 𝗂𝗌 𝗌𝗁𝗂𝖿𝗍𝗂𝗇𝗀 𝖿𝗋𝗈𝗆 𝖻𝖺𝗌𝗂𝖼 𝖿𝗈𝗅𝖽𝗂𝗇𝗀 𝗋𝖾𝗅𝗂𝖺𝖻𝗂𝗅𝗂𝗍𝗒 𝗍𝗈 𝗏𝗂𝗌𝗎𝖺𝗅𝗅𝗒 𝗌𝖾𝖺𝗆𝗅𝖾𝗌𝗌 𝗌𝖼𝗋𝖾𝖾𝗇𝗌, 𝗆𝖺𝗄𝗂𝗇𝗀 𝖼𝗋𝖾𝖺𝗌𝖾 𝖼𝗈𝗇𝗍𝗋𝗈𝗅 𝖺 𝗌𝗒𝗌𝗍𝖾𝗆-𝗅𝖾𝗏𝖾𝗅 𝖼𝗁𝖺𝗅𝗅𝖾𝗇𝗀𝖾. • 𝖲𝖺𝗆𝗌𝗎𝗇𝗀’𝗌 𝖥𝗅𝖾𝗑 𝖳𝗂𝗍𝖺𝗇𝗂𝗎𝗆 𝖺𝗋𝖼𝗁𝗂𝗍𝖾𝖼𝗍𝗎𝗋𝖾 𝖽𝖾𝗆𝗈𝗇𝗌𝗍𝗋𝖺𝗍𝖾𝗌 𝗍𝗁𝗂𝗌 𝗌𝗁𝗂𝖿𝗍 𝖻𝗒 𝖼𝗈𝗆𝖻𝗂𝗇𝗂𝗇𝗀 𝖺 𝗍𝗁𝗂𝗇 𝗍𝗂𝗍𝖺𝗇𝗂𝗎𝗆-𝖺𝗅𝗅𝗈𝗒 𝖿𝗂𝗅𝗆 𝗐𝗂𝗍𝗁 𝖺 𝗆𝗂𝖼𝗋𝗈-𝗉𝖺𝗍𝗍𝖾𝗋𝗇𝖾𝖽 𝗍𝗂𝗍𝖺𝗇𝗂𝗎𝗆 𝗉𝗅𝖺𝗍𝖾 𝗍𝗈 𝗂𝗆𝗉𝗋𝗈𝗏𝖾 𝗌𝗎𝗉𝗉𝗈𝗋𝗍, 𝗂𝗆𝗉𝖺𝖼𝗍 𝖺𝖻𝗌𝗈𝗋𝗉𝗍𝗂𝗈𝗇 𝖺𝗇𝖽 𝗅𝗈𝗇𝗀-𝗍𝖾𝗋𝗆 𝖼𝗋𝖾𝖺𝗌𝖾 𝖼𝗈𝗇𝗍𝗋𝗈𝗅. • 𝖥𝗈𝗅𝖽𝖺𝖻𝗅𝖾 𝖽𝗂𝗌𝗉𝗅𝖺𝗒𝗌 𝖺𝗋𝖾 𝖾𝗇𝗍𝖾𝗋𝗂𝗇𝗀 𝖺𝗇 𝖾𝗋𝖺 𝗐𝗁𝖾𝗋𝖾 𝗌𝗎𝖼𝖼𝖾𝗌𝗌 𝖽𝖾𝗉𝖾𝗇𝖽𝗌 𝗈𝗇 𝗌𝖾𝖺𝗆𝗅𝖾𝗌𝗌 𝗌𝗒𝗌𝗍𝖾𝗆 𝗂𝗇𝗍𝖾𝗀𝗋𝖺𝗍𝗂𝗈𝗇 𝖺𝗇𝖽 𝖺 𝖽𝗎𝗋𝖺𝖻𝗅𝖾 𝗎𝗌𝖾𝗋 𝖾𝗑𝗉𝖾𝗋𝗂𝖾𝗇𝖼𝖾 𝗍𝗁𝖺𝗍 𝗆𝖺𝗄𝖾𝗌 𝗍𝗁𝖾 𝖿𝗈𝗅𝖽 𝖺𝗅𝗆𝗈𝗌𝗍 𝗎𝗇𝗇𝗈𝗍𝗂𝖼𝖾𝖺𝖻𝗅𝖾. 𝗥𝗲𝗮𝗱 𝗼𝘂𝗿 𝗱𝗲𝘁𝗮𝗶𝗹𝗲𝗱 𝗶𝗻𝘀𝗶𝗴𝗵𝘁𝘀 𝗵𝗲𝗿𝗲: counterpointresearch.com/en/… 𝗦𝘂𝗯𝘀𝗰𝗿𝗶𝗯𝗶𝗻𝗴 𝗰𝗹𝗶𝗲𝗻𝘁𝘀 𝗰𝗮𝗻 𝗮𝗰𝗰𝗲𝘀𝘀 𝘁𝗵𝗲 𝗳𝘂𝗹𝗹 𝗙𝗼𝗹𝗱𝗮𝗯𝗹𝗲/𝗥𝗼𝗹𝗹𝗮𝗯𝗹𝗲 𝗗𝗶𝘀𝗽𝗹𝗮𝘆 𝗦𝗵𝗶𝗽𝗺𝗲𝗻𝘁 𝗮𝗻𝗱 𝗧𝗲𝗰𝗵𝗻𝗼𝗹𝗼𝗴𝘆 𝗥𝗲𝗽𝗼𝗿𝘁 𝗵𝗲𝗿𝗲: counterpointresearch.com/en/… @Samsung, @oppo #GalaxyZFold8 #OPPOFindN6 #Foldables #DisplayTech #TechNews #Smartphones #DisplayInnovation #CounterpointResearch

𝗗𝗶𝘀𝗽𝗹𝗮𝘆 𝗙𝗮𝗯 𝗨𝘁𝗶𝗹𝗶𝘇𝗮𝘁𝗶𝗼𝗻 𝗛𝗼𝗹𝗱𝘀 𝗙𝗶𝗿𝗺, 𝗕𝘂𝘁 𝗠𝗮𝗿𝗸𝗲𝘁 𝗗𝘆𝗻𝗮𝗺𝗶𝗰𝘀 𝗔𝗿𝗲 𝗦𝗵𝗶𝗳𝘁𝗶𝗻𝗴 The global display industry entered Q2 2026 on stable footing, with overall fab utilization reaching 84%. But beneath the headline, regional and technology-level divergence is becoming increasingly clear. • China remains the growth engine, accounting for ~75% of global TFT input area with utilization around 85% for six consecutive quarters. • Japan faces structural pressure, with utilization projected to fall from 50% in Q2 to just 33% by Q4 2026. • South Korea is optimizing its OLED footprint, with utilization at ~68–72% as capacity balances against smartphone, TV and emerging IT OLED demand. • Flexible OLED and LTPO remain strong, with LTPO utilization approaching 80%, supported by premium smartphone demand. • a-Si/Oxide remains the strongest-performing segment, with utilization above 90%, while oxide backplanes remain more volatile amid uneven IT demand. Display utilization is increasingly becoming a strategic tool for supply and pricing management, rather than simply a reflection of end-market demand. Panel makers are showing greater willingness to control production and protect industry economics. 𝗥𝗲𝗮𝗱 𝗼𝘂𝗿 𝗹𝗮𝘁𝗲𝘀𝘁 𝗯𝗹𝗼𝗴 𝗳𝗼𝗿 𝗱𝗲𝗲𝗽𝗲𝗿 𝗤𝟮’𝟮𝟲 𝘂𝘁𝗶𝗹𝗶𝘇𝗮𝘁𝗶𝗼𝗻 𝗶𝗻𝘀𝗶𝗴𝗵𝘁𝘀: counterpointresearch.com/en/… 𝗖𝗼𝗻𝗻𝗲𝗰𝘁 𝘄𝗶𝘁𝗵 𝘂𝘀 𝗳𝗼𝗿 𝘁𝗵𝗲 𝗳𝘂𝗹𝗹 𝗤𝘂𝗮𝗿𝘁𝗲𝗿𝗹𝘆/𝗠𝗼𝗻𝘁𝗵𝗹𝘆 𝗔𝗹𝗹 𝗗𝗶𝘀𝗽𝗹𝗮𝘆 𝗙𝗮𝗯 𝗨𝘁𝗶𝗹𝗶𝘇𝗮𝘁𝗶𝗼𝗻 𝗥𝗲𝗽𝗼𝗿𝘁 𝗮𝗻𝗱 𝗢𝗟𝗘𝗗/𝗠𝗼𝗯𝗶𝗹𝗲 𝗜𝗧 𝗙𝗮𝗯 𝗨𝘁𝗶𝗹𝗶𝘇𝗮𝘁𝗶𝗼𝗻 𝗥𝗲𝗽𝗼𝗿𝘁 𝗵𝗲𝗿𝗲: counterpointresearch.com/en/…

𝐒𝐞𝐫𝐯𝐞𝐫-𝐋𝐞𝐝 𝐞𝐒𝐒𝐃𝐬 𝐇𝐢𝐭 𝟒𝟖% 𝐨𝐟 𝐍𝐀𝐍𝐃 𝐒𝐡𝐢𝐩𝐦𝐞𝐧𝐭𝐬; 𝐘𝐌𝐓𝐂 𝐄𝐧𝐭𝐞𝐫𝐬 𝐆𝐥𝐨𝐛𝐚𝐥 𝐓𝐨𝐩 𝐓𝐡𝐫𝐞𝐞 Demand for enterprise SSDs spiked as AI workloads shift from training to inference. Competitive rankings shifted too, as YMTC entered the global top 3, narrowly passing Kioxia. 𝐊𝐞𝐲 𝐓𝐚𝐤𝐞𝐚𝐰𝐚𝐲𝐬: • AI inference workloads drove enterprise SSDs to 48% of global NAND shipments in Q2 2026, nearly double the 26% share a year earlier. • Samsung led shipments with 25%, down from 32% in Q2 2024 as it prioritized high-margin DRAM. • SK hynix held second at 22% on a 40% QoQ jump in Solidigm bit shipments. • YMTC entered the global Top 3 with a 14% shipment share, edging out Kioxia, though scale has yet to convert into revenue. 𝐑𝐞𝐚𝐝 𝐨𝐮𝐫 𝐝𝐞𝐭𝐚𝐢𝐥𝐞𝐝 𝐢𝐧𝐬𝐢𝐠𝐡𝐭𝐬 𝐡𝐞𝐫𝐞: counterpointresearch.com/en/… 𝐒𝐮𝐛𝐬𝐜𝐫𝐢𝐛𝐞𝐫𝐬 𝐜𝐚𝐧 𝐚𝐜𝐜𝐞𝐬𝐬 𝐨𝐮𝐫 𝐆𝐥𝐨𝐛𝐚𝐥 𝐌𝐞𝐦𝐨𝐫𝐲 𝐏𝐫𝐢𝐜𝐞 𝐓𝐫𝐚𝐜𝐤𝐞𝐫 𝐚𝐧𝐝 𝐅𝐨𝐫𝐞𝐜𝐚𝐬𝐭, 𝐀𝐮𝐠𝐮𝐬𝐭 𝟐𝟎𝟐𝟔 𝐡𝐞𝐫𝐞: counterpointresearch.com/en/… #NAND #SKhynix #YMTC #Kioxia $SKHY

𝗖𝗼𝗺𝗺𝗲𝗿𝗰𝗶𝗮𝗹 𝗖𝗹𝗲𝗮𝗻𝗶𝗻𝗴 𝗥𝗼𝗯𝗼𝘁 𝗠𝗮𝗿𝗸𝗲𝘁 𝗣𝗼𝗶𝘀𝗲𝗱 𝗳𝗼𝗿 𝗥𝗮𝗽𝗶𝗱 𝗚𝗿𝗼𝘄𝘁𝗵 𝗶𝗻 𝗔𝗜 𝗡𝗮𝘁𝗶𝘃𝗲 𝗘𝗿𝗮 𝖢𝗈𝗆𝗆𝖾𝗋𝖼𝗂𝖺𝗅 𝖼𝗅𝖾𝖺𝗇𝗂𝗇𝗀 𝗋𝗈𝖻𝗈𝗍𝗌 𝖺𝗋𝖾 𝗋𝖺𝗉𝗂𝖽𝗅𝗒 𝖾𝗏𝗈𝗅𝗏𝗂𝗇𝗀 𝖻𝖾𝗒𝗈𝗇𝖽 𝖺𝗎𝗍𝗈𝗆𝖺𝗍𝖾𝖽 𝖼𝗅𝖾𝖺𝗇𝗂𝗇𝗀 𝖾𝗊𝗎𝗂𝗉𝗆𝖾𝗇𝗍. 𝖯𝗈𝗐𝖾𝗋𝖾𝖽 𝖻𝗒 𝖼𝗈𝗆𝗉𝗎𝗍𝖾𝗋 𝗏𝗂𝗌𝗂𝗈𝗇, 𝟥𝖣 𝗉𝖾𝗋𝖼𝖾𝗉𝗍𝗂𝗈𝗇, 𝖫𝖫𝖬𝗌, 𝖺𝗎𝗍𝗈𝗇𝗈𝗆𝗈𝗎𝗌 𝗇𝖺𝗏𝗂𝗀𝖺𝗍𝗂𝗈𝗇 𝖺𝗇𝖽 𝗂𝗇𝗍𝖾𝗅𝗅𝗂𝗀𝖾𝗇𝗍 𝖽𝖾𝖼𝗂𝗌𝗂𝗈𝗇-𝗆𝖺𝗄𝗂𝗇𝗀, 𝗍𝗁𝖾𝗒 𝖼𝖺𝗇 𝗎𝗇𝖽𝖾𝗋𝗌𝗍𝖺𝗇𝖽 𝗍𝗁𝖾𝗂𝗋 𝖾𝗇𝗏𝗂𝗋𝗈𝗇𝗆𝖾𝗇𝗍𝗌 𝖺𝗇𝖽 𝗈𝗉𝖾𝗋𝖺𝗍𝖾 𝗐𝗂𝗍𝗁 𝗆𝗂𝗇𝗂𝗆𝖺𝗅 𝗁𝗎𝗆𝖺𝗇 𝗂𝗇𝗍𝖾𝗋𝗏𝖾𝗇𝗍𝗂𝗈𝗇. 𝖳𝗁𝖾𝗌𝖾 𝗋𝗈𝖻𝗈𝗍𝗌 𝖺𝗋𝖾 𝗆𝗈𝗏𝗂𝗇𝗀 𝖿𝗋𝗈𝗆 𝗉𝗂𝗅𝗈𝗍 𝖽𝖾𝗉𝗅𝗈𝗒𝗆𝖾𝗇𝗍𝗌 𝗍𝗈 𝗅𝖺𝗋𝗀𝖾-𝗌𝖼𝖺𝗅𝖾 𝖼𝗈𝗆𝗆𝖾𝗋𝖼𝗂𝖺𝗅 𝖺𝖽𝗈𝗉𝗍𝗂𝗈𝗇, 𝗐𝗂𝗍𝗁 𝗌𝗈𝗅𝗎𝗍𝗂𝗈𝗇𝗌 𝖾𝗑𝗉𝖺𝗇𝖽𝗂𝗇𝗀 𝖺𝖼𝗋𝗈𝗌𝗌 𝗋𝖾𝗍𝖺𝗂𝗅, 𝗅𝗈𝗀𝗂𝗌𝗍𝗂𝖼𝗌, 𝗁𝖾𝖺𝗅𝗍𝗁𝖼𝖺𝗋𝖾 𝖺𝗇𝖽 𝗆𝖺𝗇𝗎𝖿𝖺𝖼𝗍𝗎𝗋𝗂𝗇𝗀. 𝗞𝗲𝘆 𝗧𝗮𝗸𝗲𝗮𝘄𝗮𝘆𝘀:   • 𝖦𝗅𝗈𝖻𝖺𝗅 𝗌𝗁𝗂𝗉𝗆𝖾𝗇𝗍𝗌 𝗈𝖿 𝖼𝗈𝗆𝗆𝖾𝗋𝖼𝗂𝖺𝗅 𝖼𝗅𝖾𝖺𝗇𝗂𝗇𝗀 𝗋𝗈𝖻𝗈𝗍𝗌 𝖾𝗑𝖼𝖾𝖾𝖽𝖾𝖽 𝟧𝟢,𝟢𝟢𝟢 𝗎𝗇𝗂𝗍𝗌 𝗂𝗇 𝟤𝟢𝟤𝟧, 𝗆𝖺𝗋𝗄𝗂𝗇𝗀 𝗍𝗁𝖾 𝗂𝗇𝖽𝗎𝗌𝗍𝗋𝗒’𝗌 𝖾𝗇𝗍𝗋𝗒 𝗂𝗇𝗍𝗈 𝖺 𝗋𝖺𝗉𝗂𝖽 𝗀𝗋𝗈𝗐𝗍𝗁 𝗉𝗁𝖺𝗌𝖾.   • 𝖳𝖾𝖼𝗁𝗇𝗈𝗅𝗈𝗀𝗂𝖾𝗌 𝗂𝗇𝖼𝗅𝗎𝖽𝗂𝗇𝗀 𝖠𝖨, 𝗅𝖺𝗋𝗀𝖾 𝗅𝖺𝗇𝗀𝗎𝖺𝗀𝖾 𝗆𝗈𝖽𝖾𝗅𝗌 (𝖫𝖫𝖬𝗌) 𝖺𝗇𝖽 𝗏𝗂𝗌𝗎𝖺𝗅 𝗉𝖾𝗋𝖼𝖾𝗉𝗍𝗂𝗈𝗇 𝖺𝗋𝖾 𝗉𝗋𝗈𝗉𝖾𝗅𝗅𝗂𝗇𝗀 𝗍𝗁𝖾 𝗂𝗇𝖽𝗎𝗌𝗍𝗋𝗒 𝗂𝗇𝗍𝗈 𝖤𝗋𝖺 𝟤.𝟢.   • 𝖠𝖨 𝗇𝖺𝗍𝗂𝗏𝖾 𝖾𝗇𝗍𝖾𝗋𝗉𝗋𝗂𝗌𝖾𝗌 𝖺𝗋𝖾 𝗋𝖾𝖽𝖾𝖿𝗂𝗇𝗂𝗇𝗀 𝗍𝗁𝖾 𝖼𝗈𝗆𝗆𝖾𝗋𝖼𝗂𝖺𝗅 𝖼𝗅𝖾𝖺𝗇𝗂𝗇𝗀 𝗋𝗈𝖻𝗈𝗍 𝗂𝗇𝖽𝗎𝗌𝗍𝗋𝗒’𝗌 𝖼𝗈𝗆𝗉𝖾𝗍𝗂𝗍𝗂𝗏𝖾 𝗅𝖺𝗇𝖽𝗌𝖼𝖺𝗉𝖾.   • 𝖳𝗁𝖾 𝗂𝗇𝖽𝗎𝗌𝗍𝗋𝗒 𝗐𝗂𝗅𝗅 𝗆𝖺𝗂𝗇𝗍𝖺𝗂𝗇 𝗋𝗈𝖻𝗎𝗌𝗍 𝗀𝗋𝗈𝗐𝗍𝗁 𝗍𝗁𝗋𝗈𝗎𝗀𝗁 𝟤𝟢𝟥𝟢, 𝗐𝗂𝗍𝗁 𝗎𝗌𝖾 𝖼𝖺𝗌𝖾𝗌 𝖼𝗈𝗇𝗍𝗂𝗇𝗎𝗈𝗎𝗌𝗅𝗒 𝖾𝗑𝗉𝖺𝗇𝖽𝗂𝗇𝗀 𝗂𝗇𝗍𝗈 𝖻𝗋𝗈𝖺𝖽𝖾𝗋 𝖼𝗈𝗆𝗆𝖾𝗋𝖼𝗂𝖺𝗅 𝖺𝗇𝖽 𝗂𝗇𝖽𝗎𝗌𝗍𝗋𝗂𝖺𝗅 𝗌𝖾𝖼𝗍𝗈𝗋𝗌. 𝗖𝗼𝗺𝗺𝗲𝗿𝗰𝗶𝗮𝗹 𝗰𝗹𝗲𝗮𝗻𝗶𝗻𝗴 𝗶𝘀 𝗲𝗻𝘁𝗲𝗿𝗶𝗻𝗴 𝘁𝗵𝗲 𝗔𝗜-𝗻𝗮𝘁𝗶𝘃𝗲 𝗲𝗿𝗮. 𝗥𝗲𝗮𝗱 𝗼𝘂𝗿 𝗹𝗮𝘁𝗲𝘀𝘁 𝗶𝗻𝘀𝗶𝗴𝗵𝘁𝘀 𝘁𝗼 𝗲𝘅𝗽𝗹𝗼𝗿𝗲 𝘁𝗵𝗲 𝗺𝗮𝗿𝗸𝗲𝘁 𝘁𝗿𝗲𝗻𝗱𝘀, 𝘁𝗲𝗰𝗵𝗻𝗼𝗹𝗼𝗴𝘆 𝘀𝗵𝗶𝗳𝘁𝘀 𝗮𝗻𝗱 𝗴𝗿𝗼𝘄𝘁𝗵 𝗼𝗽𝗽𝗼𝗿𝘁𝘂𝗻𝗶𝘁𝗶𝗲𝘀: counterpointresearch.com/en/… 𝗪𝗮𝗻𝘁 𝘁𝗼 𝘂𝗻𝗱𝗲𝗿𝘀𝘁𝗮𝗻𝗱 𝘄𝗵𝗲𝗿𝗲 𝘁𝗵𝗲 𝗣𝗵𝘆𝘀𝗶𝗰𝗮𝗹 𝗔𝗜 𝗼𝗽𝗽𝗼𝗿𝘁𝘂𝗻𝗶𝘁𝘆 𝗶𝘀 𝗲𝗺𝗲𝗿𝗴𝗶𝗻𝗴? 𝗔𝗰𝗰𝗲𝘀𝘀 𝗼𝘂𝗿 𝗚𝗹𝗼𝗯𝗮𝗹 𝗣𝗵𝘆𝘀𝗶𝗰𝗮𝗹 𝗔𝗜 𝗗𝗲𝘃𝗶𝗰𝗲 𝗠𝗮𝗿𝗸𝗲𝘁 𝗧𝗿𝗮𝗰𝗸𝗲𝗿 𝗵𝗲𝗿𝗲: counterpointresearch.com/en/… #CommercialRobots #CleaningRobots #PhysicalAI #AI #Robotics #ServiceRobotics @keenon_official, @PuduRobotics, @gaussianrobots

𝐔𝐒 𝐒𝐦𝐚𝐫𝐭𝐩𝐡𝐨𝐧𝐞 𝐒𝐚𝐥𝐞𝐬 𝐅𝐚𝐥𝐥 𝟓% 𝐘𝐨𝐘 𝐢𝐧 𝐐𝟐 𝟐𝟎𝟐𝟔 𝐚𝐬 𝐏𝐫𝐢𝐜𝐢𝐧𝐠 𝐏𝐫𝐞𝐬𝐬𝐮𝐫𝐞 𝐒𝐪𝐮𝐞𝐞𝐳𝐞𝐬 𝐋𝐨𝐰-𝐞𝐧𝐝 𝐒𝐞𝐠𝐦𝐞𝐧𝐭 Memory pricing has disproportionately affected the low end of the smartphone market, while consumer demand weakened due to macroeconomic factors. 𝐊𝐞𝐲 𝐓𝐚𝐤𝐞𝐚𝐰𝐚𝐲𝐬: • Cumulative sales for the Big Four OEMs in the US market (Apple, Samsung, Motorola, Google) fell 4% YoY. The rest of the market fell by 45% YoY in Q2 2026. • Sub-$100 smartphone sales declined by 64% YoY as OEMs increased prices with the increased cost of memory and storage. Conversely, due to price increases from Motorola, the $200-$299 price segment grew by nearly 200% YoY. • Smartphone ASPs are expected to continue increasing in Q3 2026, as Apple is expected to increase prices for its iPhone 18 series models. 𝐑𝐞𝐚𝐝 𝐭𝐡𝐞 𝐟𝐮𝐥𝐥 𝐩𝐫𝐞𝐬𝐬 𝐫𝐞𝐥𝐞𝐚𝐬𝐞 𝐡𝐞𝐫𝐞: counterpointresearch.com/en/… 𝐀𝐜𝐜𝐞𝐬𝐬 𝐨𝐮𝐫 𝐔𝐒 𝐒𝐦𝐚𝐫𝐭𝐩𝐡𝐨𝐧𝐞 𝐂𝐡𝐚𝐧𝐧𝐞𝐥 𝐒𝐡𝐚𝐫𝐞 𝐓𝐫𝐚𝐜𝐤𝐞𝐫 𝐭𝐨 𝐥𝐞𝐚𝐫𝐧 𝐦𝐨𝐫𝐞 𝐚𝐛𝐨𝐮𝐭 𝐔𝐒 𝐬𝐦𝐚𝐫𝐭𝐩𝐡𝐨𝐧𝐞 𝐦𝐚𝐫𝐤𝐞𝐭 𝐝𝐲𝐧𝐚𝐦𝐢𝐜𝐬: counterpointresearch.com/en/… #USSmartphoneMarket #Apple #Google #Samsung #Motorola $AAPL

𝗚𝗹𝗼𝗯𝗮𝗹 𝗦𝗺𝗮𝗿𝘁𝗽𝗵𝗼𝗻𝗲 𝗦𝗼𝗖 𝗦𝗵𝗶𝗽𝗺𝗲𝗻𝘁𝘀 𝗙𝗮𝗹𝗹 𝟭𝟱% 𝗬𝗼𝗬 𝗶𝗻 𝗛𝟭 𝟮𝟬𝟮𝟲 𝗔𝗺𝗶𝗱 𝗥𝗶𝘀𝗶𝗻𝗴 𝗠𝗲𝗺𝗼𝗿𝘆 𝗖𝗼𝘀𝘁𝘀 𝖧𝗎𝗋𝗍 𝖻𝗒 𝗋𝗂𝗌𝗂𝗇𝗀 𝗆𝖾𝗆𝗈𝗋𝗒 𝖼𝗈𝗌𝗍𝗌, 𝖼𝖺𝗎𝗍𝗂𝗈𝗎𝗌 𝗂𝗇𝗏𝖾𝗇𝗍𝗈𝗋𝗒 𝗆𝖺𝗇𝖺𝗀𝖾𝗆𝖾𝗇𝗍 𝖻𝗒 𝗌𝗆𝖺𝗋𝗍𝗉𝗁𝗈𝗇𝖾 𝖮𝖤𝖬𝗌 𝖺𝗇𝖽 𝖺 𝗅𝗈𝗇𝗀𝖾𝗋 𝗋𝖾𝗉𝗅𝖺𝖼𝖾𝗆𝖾𝗇𝗍 𝖼𝗒𝖼𝗅𝖾, 𝗀𝗅𝗈𝖻𝖺𝗅 𝗌𝗆𝖺𝗋𝗍𝗉𝗁𝗈𝗇𝖾 𝖲𝗈𝖢 𝗌𝗁𝗂𝗉𝗆𝖾𝗇𝗍𝗌 𝖽𝖾𝖼𝗅𝗂𝗇𝖾𝖽 𝟣𝟧% 𝖸𝗈𝖸 𝗂𝗇 𝖧𝟣 𝟤𝟢𝟤𝟨. 𝖣𝖾𝗌𝗉𝗂𝗍𝖾 𝗋𝗂𝗌𝗂𝗇𝗀 𝖼𝗈𝗌𝗍𝗌, 𝖦𝖾𝗇𝖠𝖨 𝗌𝗆𝖺𝗋𝗍𝗉𝗁𝗈𝗇𝖾 𝖲𝗈𝖢 𝗌𝗁𝗂𝗉𝗆𝖾𝗇𝗍𝗌 𝗀𝗋𝖾𝗐 𝟤𝟦% 𝖸𝗈𝖸, 𝖿𝗎𝖾𝗅𝖾𝖽 𝖻𝗒 𝖼𝗈𝗇𝗌𝗎𝗆𝖾𝗋 𝖽𝖾𝗆𝖺𝗇𝖽 𝖿𝗈𝗋 𝖠𝖨 𝖿𝖾𝖺𝗍𝗎𝗋𝖾𝗌 𝖺𝗇𝖽 𝗍𝗁𝖾 𝗌𝗎𝗌𝗍𝖺𝗂𝗇𝖾𝖽 𝗉𝗋𝖾𝗆𝗂𝗎𝗆𝗂𝗓𝖺𝗍𝗂𝗈𝗇 𝗍𝗋𝖾𝗇𝖽. 𝗞𝗲𝘆 𝗧𝗮𝗸𝗲𝗮𝘄𝗮𝘆𝘀: • @MediaTek 𝖺𝗇𝖽 @Qualcomm’𝗌 𝗌𝗁𝗂𝗉𝗆𝖾𝗇𝗍𝗌 𝖿𝖾𝗅𝗅 𝗆𝗈𝗋𝖾 𝗍𝗁𝖺𝗇 𝟤𝟧% 𝖸𝗈𝖸, 𝗐𝗁𝗂𝗅𝖾 @Apple, @SamsungDSGlobal, @Google 𝖺𝗇𝖽 @UNISOCTech 𝗀𝖺𝗂𝗇𝖾𝖽 𝗆𝖺𝗋𝗄𝖾𝗍 𝗌𝗁𝖺𝗋𝖾, 𝗍𝗁𝗈𝗎𝗀𝗁 𝖿𝗈𝗋 𝖽𝗂𝖿𝖿𝖾𝗋𝖾𝗇𝗍 𝗋𝖾𝖺𝗌𝗈𝗇𝗌 𝖾𝖺𝖼𝗁. • 𝖲𝗆𝖺𝗋𝗍𝗉𝗁𝗈𝗇𝖾 𝗆𝖾𝗆𝗈𝗋𝗒 𝗉𝗋𝗂𝖼𝖾𝗌 𝗌𝗎𝗋𝗀𝖾𝖽 𝟥𝟢𝟢% 𝖸𝗈𝖸 𝗂𝗇 𝖰𝟤 𝟤𝟢𝟤𝟨, 𝗆𝖾𝖺𝗇𝗂𝗇𝗀 𝗆𝖾𝗆𝗈𝗋𝗒 𝖼𝗈𝗌𝗍𝗌 𝗌𝗎𝗋𝗉𝖺𝗌𝗌𝖾𝖽 𝖲𝗈𝖢 𝖼𝗈𝗌𝗍𝗌 𝗂𝗇 𝖺𝗅𝗅 𝗌𝗆𝖺𝗋𝗍𝗉𝗁𝗈𝗇𝖾 𝗌𝖾𝗀𝗆𝖾𝗇𝗍𝗌. • 𝖦𝗅𝗈𝖻𝖺𝗅 𝗌𝗆𝖺𝗋𝗍𝗉𝗁𝗈𝗇𝖾 𝖲𝗈𝖢 𝗌𝗁𝗂𝗉𝗆𝖾𝗇𝗍𝗌 𝖺𝗋𝖾 𝖾𝗑𝗉𝖾𝖼𝗍𝖾𝖽 𝗍𝗈 𝖽𝖾𝖼𝗅𝗂𝗇𝖾 𝖻𝗒 𝟣𝟦% 𝖸𝗈𝖸 𝗂𝗇 𝟤𝟢𝟤𝟨, 𝗐𝗂𝗍𝗁 𝖾𝗇𝗍𝗋𝗒-𝗅𝖾𝗏𝖾𝗅 𝗌𝗁𝗂𝗉𝗆𝖾𝗇𝗍𝗌 𝗌𝖾𝗍 𝗍𝗈 𝖿𝖺𝗅𝗅 𝗆𝗈𝗋𝖾 𝗍𝗁𝖺𝗇 𝟥𝟢% 𝖸𝗈𝖸. • 𝖳𝗁𝖾 𝗈𝗇𝗀𝗈𝗂𝗇𝗀 𝗆𝖾𝗆𝗈𝗋𝗒 𝗌𝗎𝗉𝗉𝗅𝗒 𝗌𝗁𝗈𝗋𝗍𝖺𝗀𝖾 𝗂𝗌 𝖾𝗑𝗉𝖾𝖼𝗍𝖾𝖽 𝗍𝗈 𝗉𝖾𝗋𝗌𝗂𝗌𝗍 𝗎𝗇𝗍𝗂𝗅 𝖧𝟤 𝟤𝟢𝟤𝟩. 𝗥𝗲𝗮𝗱 𝘁𝗵𝗲 𝗳𝘂𝗹𝗹 𝗮𝗻𝗮𝗹𝘆𝘀𝗶𝘀 𝗼𝗻 𝘁𝗵𝗲 𝗦𝗼𝗖 𝘀𝗵𝗶𝗽𝗺𝗲𝗻𝘁 𝘀𝗹𝗼𝘄𝗱𝗼𝘄𝗻 𝗮𝗻𝗱 𝘄𝗵𝗮𝘁'𝘀 𝗱𝗿𝗶𝘃𝗶𝗻𝗴 𝗶𝘁 𝗵𝗲𝗿𝗲: counterpointresearch.com/en/… 𝗦𝘂𝗯𝘀𝗰𝗿𝗶𝗯𝗶𝗻𝗴 𝗰𝗹𝗶𝗲𝗻𝘁𝘀 𝗰𝗮𝗻 𝗮𝗰𝗰𝗲𝘀𝘀 𝘁𝗵𝗲 𝗽𝗿𝗲𝗹𝗶𝗺𝗶𝗻𝗮𝗿𝘆 "𝗚𝗹𝗼𝗯𝗮𝗹 𝗦𝗺𝗮𝗿𝘁𝗽𝗵𝗼𝗻𝗲 𝗦𝗼𝗖 𝗠𝗼𝗱𝗲𝗹 𝗦𝗵𝗶𝗽𝗺𝗲𝗻𝘁𝘀 𝗧𝗿𝗮𝗰𝗸𝗲𝗿 - 𝗤𝟮 𝟮𝟬𝟮𝟲" 𝗵𝗲𝗿𝗲: counterpointresearch.com/en/… 𝗥𝗲𝗮𝗱 𝗼𝘂𝗿 𝗱𝗲𝘁𝗮𝗶𝗹𝗲𝗱 𝗶𝗻𝘀𝗶𝗴𝗵𝘁𝘀 𝗮𝗻𝗱 𝗳𝗼𝗿𝗲𝗰𝗮𝘀𝘁 𝗼𝗻 𝗵𝗼𝘄 𝗳𝗮𝘀𝘁 𝗚𝗲𝗻𝗔𝗜 𝗶𝘀 𝘀𝗰𝗮𝗹𝗶𝗻𝗴 𝗮𝗰𝗿𝗼𝘀𝘀 𝘀𝗺𝗮𝗿𝘁𝗽𝗵𝗼𝗻𝗲𝘀 𝗵𝗲𝗿𝗲: counterpointresearch.com/en/… #Smartphones #Semiconductors #SoC #DRAM #MediaTek #Qualcomm #GenAI $QCOM $AAPL $TSM

𝗥𝗲𝘀𝗵𝘂𝗳𝗳𝗹𝗶𝗻𝗴 𝘁𝗵𝗲 𝗕𝗼𝗠 - 𝗖𝗼𝗺𝗽𝗼𝗻𝗲𝗻𝘁 𝗖𝗼𝘀𝘁 𝗗𝘆𝗻𝗮𝗺𝗶𝗰𝘀 𝗔𝗺𝗶𝗱 𝗠𝗲𝗺𝗼𝗿𝘆 𝗣𝗿𝗶𝗰𝗲 𝗦𝗽𝗶𝗸𝗲𝘀 𝖬𝖾𝗆𝗈𝗋𝗒 𝗉𝗋𝗂𝖼𝖾𝗌 𝗁𝖺𝗏𝖾 𝗋𝗂𝗌𝖾𝗇 𝗌𝗈 𝗌𝗁𝖺𝗋𝗉𝗅𝗒 𝗍𝗁𝖺𝗍 𝖣𝖱𝖠𝖬 𝗁𝖺𝗌 𝗈𝗏𝖾𝗋𝗍𝖺𝗄𝖾𝗇 𝗍𝗁𝖾 𝖲𝗈𝖢 𝖺𝗌 𝗍𝗁𝖾 𝗆𝗈𝗌𝗍 𝖾𝗑𝗉𝖾𝗇𝗌𝗂𝗏𝖾 𝖼𝗈𝗆𝗉𝗈𝗇𝖾𝗇𝗍 𝗂𝗇 𝖺 𝗌𝗆𝖺𝗋𝗍𝗉𝗁𝗈𝗇𝖾. 𝖳𝗁𝗂𝗌 𝗂𝗌 𝖿𝗈𝗋𝖼𝗂𝗇𝗀 𝖮𝖤𝖬𝗌 𝗍𝗈 𝗋𝖾𝖻𝖺𝗅𝖺𝗇𝖼𝖾 𝗍𝗁𝖾 𝗋𝖾𝗌𝗍 𝗈𝖿 𝗍𝗁𝖾 𝖼𝗈𝗆𝗉𝗈𝗇𝖾𝗇𝗍 𝗌𝗍𝖺𝖼𝗄, 𝗍𝗋𝗂𝗆𝗆𝗂𝗇𝗀 𝖼𝗈𝗌𝗍𝗌 𝖾𝗅𝗌𝖾𝗐𝗁𝖾𝗋𝖾 𝗍𝗈 𝗉𝗋𝗈𝗍𝖾𝖼𝗍 𝗆𝖺𝗋𝗀𝗂𝗇𝗌. 𝗞𝗲𝘆 𝗧𝗮𝗸𝗲𝗮𝘄𝗮𝘆𝘀: • 𝖨𝗇 𝖰𝟤 𝟤𝟢𝟤𝟨, 𝗍𝗁𝖾 𝖡𝗈𝖬 𝖼𝗈𝗌𝗍 𝗈𝖿 𝗉𝗋𝖾𝗆𝗂𝗎𝗆 𝗌𝗆𝖺𝗋𝗍𝗉𝗁𝗈𝗇𝖾𝗌 𝗋𝗈𝗌𝖾 𝗇𝖾𝖺𝗋𝗅𝗒 𝟧𝟢% 𝖸𝗈𝖸. • 𝖳𝗁𝖾 𝗎𝗉𝖼𝗈𝗆𝗂𝗇𝗀 𝗌𝗁𝗂𝖿𝗍 𝗍𝗈 𝟤𝗇𝗆 𝖲𝗈𝖢𝗌 𝗐𝗂𝗅𝗅 𝗉𝗎𝗌𝗁 𝗌𝗆𝖺𝗋𝗍𝗉𝗁𝗈𝗇𝖾 𝖡𝗈𝖬 𝖼𝗈𝗌𝗍𝗌 𝖾𝗏𝖾𝗇 𝗁𝗂𝗀𝗁𝖾𝗋. • 𝖠𝗌 𝖺 𝗋𝖾𝗌𝗎𝗅𝗍, 𝖿𝗅𝖺𝗀𝗌𝗁𝗂𝗉 𝗀𝗋𝗈𝗌𝗌 𝗆𝖺𝗋𝗀𝗂𝗇𝗌 𝖺𝗋𝖾 𝗎𝗇𝗅𝗂𝗄𝖾𝗅𝗒 𝗍𝗈 𝗆𝖺𝗍𝖼𝗁 𝗉𝗋𝖾𝗏𝗂𝗈𝗎𝗌 𝗀𝖾𝗇𝖾𝗋𝖺𝗍𝗂𝗈𝗇𝗌 𝗂𝗇 𝗍𝗁𝖾 𝗇𝖾𝖺𝗋 𝗍𝖾𝗋𝗆. 𝗙𝗼𝗿 𝗮 𝗱𝗲𝘁𝗮𝗶𝗹𝗲𝗱 𝗯𝗿𝗲𝗮𝗸𝗱𝗼𝘄𝗻 𝗼𝗳 𝘁𝗵𝗲 𝗕𝗼𝗠 𝘀𝗵𝗶𝗳𝘁𝘀 𝗮𝗻𝗱 𝘄𝗵𝗮𝘁 𝗶𝘁 𝗺𝗲𝗮𝗻𝘀 𝗳𝗼𝗿 𝗢𝗘𝗠𝘀, 𝗿𝗲𝗮𝗱 𝘁𝗵𝗲 𝗳𝘂𝗹𝗹 𝗮𝗻𝗮𝗹𝘆𝘀𝘁 𝗶𝗻𝘀𝗶𝗴𝗵𝘁 𝗵𝗲𝗿𝗲: counterpointresearch.com/en/… 𝗧𝗵𝗲 𝗳𝘂𝗹𝗹 𝗿𝗲𝗽𝗼𝗿𝘁, "𝗥𝗲𝘀𝗵𝘂𝗳𝗳𝗹𝗶𝗻𝗴 𝘁𝗵𝗲 𝗕𝗼𝗠 - 𝗖𝗼𝗺𝗽𝗼𝗻𝗲𝗻𝘁 𝗖𝗼𝘀𝘁 𝗗𝘆𝗻𝗮𝗺𝗶𝗰𝘀 𝗔𝗺𝗶𝗱 𝗠𝗲𝗺𝗼𝗿𝘆 𝗣𝗿𝗶𝗰𝗲 𝗦𝗽𝗶𝗸𝗲𝘀," 𝗶𝘀 𝗮𝘃𝗮𝗶𝗹𝗮𝗯𝗹𝗲 𝗳𝗼𝗿 𝘀𝘂𝗯𝘀𝗰𝗿𝗶𝗯𝗶𝗻𝗴 𝗰𝗹𝗶𝗲𝗻𝘁𝘀 𝗵𝗲𝗿𝗲: counterpointresearch.com/en/… 𝗧𝗿𝗮𝗰𝗸 𝘄𝗵𝗲𝗿𝗲 𝗺𝗲𝗺𝗼𝗿𝘆 𝗽𝗿𝗶𝗰𝗲𝘀 𝗮𝗿𝗲 𝗵𝗲𝗮𝗱𝗲𝗱, 𝘀𝘂𝗯𝘀𝗰𝗿𝗶𝗯𝗶𝗻𝗴 𝗰𝗹𝗶𝗲𝗻𝘁𝘀 𝗰𝗮𝗻 𝗮𝗰𝗰𝗲𝘀𝘀 𝗼𝘂𝗿 "𝗚𝗹𝗼𝗯𝗮𝗹 𝗠𝗲𝗺𝗼𝗿𝘆 𝗣𝗿𝗶𝗰𝗲 𝗧𝗿𝗮𝗰𝗸𝗲𝗿 𝗮𝗻𝗱 𝗙𝗼𝗿𝗲𝗰𝗮𝘀𝘁" 𝗵𝗲𝗿𝗲: counterpointresearch.com/en/… #DRAM #Semiconductors #BillOfMaterials #Smartphones #SoC #Memory

𝗚𝗹𝗼𝗯𝗮𝗹 𝗣𝗖 𝗠𝗮𝗿𝗸𝗲𝘁 𝗛𝗶𝘁𝘀 𝗮 𝗦𝗽𝗲𝗲𝗱 𝗕𝘂𝗺𝗽: 𝗦𝗵𝗶𝗽𝗺𝗲𝗻𝘁𝘀 𝗙𝗮𝗹𝗹 𝟰% 𝗼𝗻 𝗠𝗲𝗺𝗼𝗿𝘆 𝗖𝗿𝘂𝗻𝗰𝗵 𝖦𝗅𝗈𝖻𝖺𝗅 𝖯𝖢 𝗌𝗁𝗂𝗉𝗆𝖾𝗇𝗍𝗌 𝖽𝖾𝖼𝗋𝖾𝖺𝗌𝖾𝖽 𝖻𝗒 𝟦% 𝖸𝗈𝖸 𝗂𝗇 𝖰𝟤 𝟤𝟢𝟤𝟨 𝗍𝗈 𝗋𝖾𝖺𝖼𝗁 𝟨𝟧 𝗆𝗂𝗅𝗅𝗂𝗈𝗇 𝗎𝗇𝗂𝗍𝗌, 𝖻𝗋𝖾𝖺𝗄𝗂𝗇𝗀 𝖺 𝗀𝗋𝗈𝗐𝗍𝗁 𝗍𝗋𝖾𝗇𝖽 𝗍𝗁𝖺𝗍 𝖻𝖾𝗀𝖺𝗇 𝗂𝗇 𝖰𝟣 𝟤𝟢𝟤𝟧, 𝖺𝗌 𝗋𝗂𝗌𝗂𝗇𝗀 𝖼𝗈𝗆𝗉𝗈𝗇𝖾𝗇𝗍 𝖼𝗈𝗌𝗍𝗌, 𝗉𝖺𝗋𝗍𝗂𝖼𝗎𝗅𝖺𝗋𝗅𝗒 𝖿𝗈𝗋 𝗆𝖾𝗆𝗈𝗋𝗒, 𝖻𝖾𝗀𝖺𝗇 𝗍𝗈 𝗌𝗎𝗉𝗉𝗋𝖾𝗌𝗌 𝗌𝗁𝗂𝗉𝗆𝖾𝗇𝗍 𝗏𝗈𝗅𝗎𝗆𝖾𝗌. 𝖳𝗁𝗂𝗌 𝖽𝖾𝖼𝗅𝗂𝗇𝖾, 𝗐𝗁𝗂𝖼𝗁 𝖿𝗈𝗅𝗅𝗈𝗐𝗌 𝖿𝗂𝗏𝖾 𝖼𝗈𝗇𝗌𝖾𝖼𝗎𝗍𝗂𝗏𝖾 𝗊𝗎𝖺𝗋𝗍𝖾𝗋𝗌 𝗈𝖿 𝗀𝗋𝗈𝗐𝗍𝗁 𝖻𝖾𝗀𝗂𝗇𝗇𝗂𝗇𝗀 𝖰𝟣 𝟤𝟢𝟤𝟧, 𝗋𝖾𝖿𝗅𝖾𝖼𝗍𝗌 𝖺 𝖼𝗁𝖺𝗇𝗀𝗂𝗇𝗀 𝗆𝖺𝗋𝗄𝖾𝗍 𝖽𝗒𝗇𝖺𝗆𝗂𝖼. 𝗞𝗲𝘆 𝗧𝗮𝗸𝗲𝗮𝘄𝗮𝘆𝘀:  • 𝖶𝗁𝗂𝗅𝖾 @Lenovo, @HP 𝖺𝗇𝖽 @Dell 𝗆𝖺𝗂𝗇𝗍𝖺𝗂𝗇𝖾𝖽 𝗍𝗁𝖾𝗂𝗋 𝗆𝖺𝗋𝗄𝖾𝗍 𝖽𝗈𝗆𝗂𝗇𝖺𝗇𝖼𝖾 𝖽𝖾𝗌𝗉𝗂𝗍𝖾 𝖾𝗑𝗉𝖾𝗋𝗂𝖾𝗇𝖼𝗂𝗇𝗀 𝗌𝗂𝗇𝗀𝗅𝖾-𝖽𝗂𝗀𝗂𝗍 𝗌𝗁𝗂𝗉𝗆𝖾𝗇𝗍 𝖽𝖾𝖼𝗅𝗂𝗇𝖾𝗌 𝖽𝗎𝖾 𝗍𝗈 𝗆𝖾𝗆𝗈𝗋𝗒-𝖽𝗋𝗂𝗏𝖾𝗇 𝖼𝗈𝗌𝗍 𝗉𝗋𝖾𝗌𝗌𝗎𝗋𝖾𝗌, @Apple 𝖺𝗇𝖽 @ASUS 𝖽𝖾𝖿𝗂𝖾𝖽 𝗍𝗁𝖾 𝖽𝗈𝗐𝗇𝗐𝖺𝗋𝖽 𝗍𝗋𝖾𝗇𝖽 𝗐𝗂𝗍𝗁 𝟣𝟥% 𝖺𝗇𝖽 𝟦% 𝖸𝗈𝖸 𝗀𝗋𝗈𝗐𝗍𝗁, 𝗋𝖾𝗌𝗉𝖾𝖼𝗍𝗂𝗏𝖾𝗅𝗒. • 𝖣𝖾𝗌𝗉𝗂𝗍𝖾 𝗌𝗍𝖺𝖻𝗂𝗅𝗂𝗓𝖾𝖽 𝗆𝖾𝗆𝗈𝗋𝗒 𝗉𝗋𝗂𝖼𝖾𝗌 𝖺𝖿𝗍𝖾𝗋 𝖰𝟤, 𝖾𝗅𝖾𝗏𝖺𝗍𝖾𝖽 𝖼𝗈𝗆𝗉𝗈𝗇𝖾𝗇𝗍 𝖼𝗈𝗌𝗍𝗌 𝖺𝗋𝖾 𝖿𝗈𝗋𝖼𝗂𝗇𝗀 𝖯𝖢 𝖮𝖤𝖬𝗌 𝗍𝗈 𝗋𝖺𝗂𝗌𝖾 𝗉𝗋𝗂𝖼𝖾𝗌 𝖺𝗇𝖽 𝗌𝗎𝗉𝗉𝗋𝖾𝗌𝗌 𝗉𝗋𝗂𝖼𝖾-𝗌𝖾𝗇𝗌𝗂𝗍𝗂𝗏𝖾 𝖼𝗈𝗇𝗌𝗎𝗆𝖾𝗋 𝖽𝖾𝗆𝖺𝗇𝖽, 𝗐𝗁𝗂𝗅𝖾 𝗍𝗁𝖾 𝖼𝗈𝗆𝗆𝖾𝗋𝖼𝗂𝖺𝗅 𝗌𝖾𝖼𝗍𝗈𝗋 𝗋𝖾𝗆𝖺𝗂𝗇𝗌 𝗋𝖾𝗌𝗂𝗅𝗂𝖾𝗇𝗍 𝖽𝗎𝖾 𝗍𝗈 @Windows-𝗌𝗎𝗉𝗉𝗈𝗋𝗍-𝖽𝗋𝗂𝗏𝖾𝗇 𝗋𝖾𝗉𝗅𝖺𝖼𝖾𝗆𝖾𝗇𝗍 𝖼𝗒𝖼𝗅𝖾𝗌. 𝗠𝗼𝗿𝗲 𝗶𝗻𝘀𝗶𝗴𝗵𝘁𝘀 𝗳𝗿𝗼𝗺 𝗼𝘂𝗿 𝗮𝗻𝗮𝗹𝘆𝘀𝘁𝘀 𝗶𝗻 𝗮 𝗱𝗲𝘁𝗮𝗶𝗹𝗲𝗱 𝗽𝗼𝘀𝘁 𝗵𝗲𝗿𝗲: counterpointresearch.com/en/… 𝗦𝘂𝗯𝘀𝗰𝗿𝗶𝗯𝗶𝗻𝗴 𝗰𝗹𝗶𝗲𝗻𝘁𝘀 𝗰𝗮𝗻 𝗮𝗰𝗰𝗲𝘀𝘀 𝗼𝘂𝗿 𝗚𝗹𝗼𝗯𝗮𝗹 𝗤𝘂𝗮𝗿𝘁𝗲𝗿𝗹𝘆 𝗣𝗖 𝗠𝗮𝗿𝗸𝗲𝘁 𝗔𝗻𝗮𝗹𝘆𝘀𝗶𝘀 𝗮𝗻𝗱 𝗜𝗻𝘀𝗶𝗴𝗵𝘁𝘀 𝗵𝗲𝗿𝗲: counterpointresearch.com/en/… #PCMarket #AIPC #MemoryCrisis #Apple #Dell #Lenovo #CounterpointResearch

𝗙𝗿𝗼𝗺 𝗛𝗲𝗮𝗱𝗹𝗶𝗻𝗲𝘀 𝘁𝗼 𝗜𝗻𝘀𝗶𝗴𝗵𝘁𝘀: 𝗖𝗼𝘂𝗻𝘁𝗲𝗿𝗽𝗼𝗶𝗻𝘁'𝘀 𝗧𝗮𝗸𝗲 𝗼𝗻 𝗖𝗫𝗠𝗧'𝘀 𝗛𝗶𝘀𝘁𝗼𝗿𝗶𝗰 𝗜𝗣𝗢 𝖢𝖷𝖬𝖳 (ChangXin Memory Technologies, Inc.) 𝖽𝖾𝗅𝗂𝗏𝖾𝗋𝖾𝖽 𝖺 𝖻𝗅𝗈𝖼𝗄𝖻𝗎𝗌𝗍𝖾𝗋 𝗆𝖺𝗋𝗄𝖾𝗍 𝖽𝖾𝖻𝗎𝗍, 𝗐𝗂𝗍𝗁 𝗂𝗍𝗌 𝗌𝗁𝖺𝗋𝖾𝗌 𝗌𝗎𝗋𝗀𝗂𝗇𝗀 𝗆𝗈𝗋𝖾 𝗍𝗁𝖺𝗇 𝟧𝟢𝟢% 𝗈𝗇 𝗅𝗂𝗌𝗍𝗂𝗇𝗀 𝖽𝖺𝗒, 𝗆𝖺𝗄𝗂𝗇𝗀 𝗂𝗍 𝗈𝗇𝖾 𝗈𝖿 𝗍𝗁𝖾 𝖻𝗂𝗀𝗀𝖾𝗌𝗍 𝗌𝖾𝗆𝗂𝖼𝗈𝗇𝖽𝗎𝖼𝗍𝗈𝗋 𝗌𝗍𝗈𝗋𝗂𝖾𝗌 𝗈𝖿 𝗍𝗁𝖾 𝗒𝖾𝖺𝗋. 𝖳𝗁𝖾 𝖨𝖯𝖮 𝗁𝖺𝗌 𝗌𝗉𝖺𝗋𝗄𝖾𝖽 𝖻𝗋𝗈𝖺𝖽𝖾𝗋 𝖼𝗈𝗇𝗏𝖾𝗋𝗌𝖺𝗍𝗂𝗈𝗇𝗌 𝖺𝗋𝗈𝗎𝗇𝖽 𝗍𝗁𝖾 𝗆𝖾𝗆𝗈𝗋𝗒 𝗆𝖺𝗋𝗄𝖾𝗍, 𝖢𝗁𝗂𝗇𝖺'𝗌 𝗌𝖾𝗆𝗂𝖼𝗈𝗇𝖽𝗎𝖼𝗍𝗈𝗋 𝖺𝗆𝖻𝗂𝗍𝗂𝗈𝗇𝗌, 𝖺𝗇𝖽 𝗍𝗁𝖾 𝖾𝗏𝗈𝗅𝗏𝗂𝗇𝗀 𝗀𝗅𝗈𝖻𝖺𝗅 𝖼𝗈𝗆𝗉𝖾𝗍𝗂𝗍𝗂𝗏𝖾 𝗅𝖺𝗇𝖽𝗌𝖼𝖺𝗉𝖾. 𝖠𝗌 𝗍𝗁𝖾 𝗌𝗍𝗈𝗋𝗒 𝗎𝗇𝖿𝗈𝗅𝖽𝖾𝖽, 𝗅𝖾𝖺𝖽𝗂𝗇𝗀 𝗀𝗅𝗈𝖻𝖺𝗅 𝗆𝖾𝖽𝗂𝖺 𝗈𝗎𝗍𝗅𝖾𝗍𝗌 𝗍𝗎𝗋𝗇𝖾𝖽 𝗍𝗈 𝖢𝗈𝗎𝗇𝗍𝖾𝗋𝗉𝗈𝗂𝗇𝗍 𝖱𝖾𝗌𝖾𝖺𝗋𝖼𝗁 𝖿𝗈𝗋 𝖾𝗑𝗉𝖾𝗋𝗍 𝖺𝗇𝖺𝗅𝗒𝗌𝗂𝗌 𝗍𝗈 𝗁𝖾𝗅𝗉 𝖾𝗑𝗉𝗅𝖺𝗂𝗇 𝗇𝗈𝗍 𝗃𝗎𝗌𝗍 𝗐𝗁𝖺𝗍 𝗁𝖺𝗉𝗉𝖾𝗇𝖾𝖽, 𝖻𝗎𝗍 𝗐𝗁𝗒 𝗂𝗍 𝗆𝖺𝗍𝗍𝖾𝗋𝗌 𝖺𝗇𝖽 𝗐𝗁𝖺𝗍 𝗂𝗍 𝗌𝗂𝗀𝗇𝖺𝗅𝗌 𝖿𝗈𝗋 𝗍𝗁𝖾 𝗂𝗇𝖽𝗎𝗌𝗍𝗋𝗒 𝗀𝗈𝗂𝗇𝗀 𝖿𝗈𝗋𝗐𝖺𝗋𝖽. 𝖮𝗎𝗋 𝖺𝗇𝖺𝗅𝗒𝗌𝗍𝗌 𝗐𝖾𝗋𝖾 𝖿𝖾𝖺𝗍𝗎𝗋𝖾𝖽 𝗂𝗇 𝗆𝗈𝗋𝖾 𝗍𝗁𝖺𝗇 𝟥𝟧𝟪 𝗆𝖾𝖽𝗂𝖺 𝗋𝖾𝗉𝗈𝗋𝗍𝗌 𝖺𝖼𝗋𝗈𝗌𝗌 𝗉𝗎𝖻𝗅𝗂𝖼𝖺𝗍𝗂𝗈𝗇𝗌 𝗂𝗇𝖼𝗅𝗎𝖽𝗂𝗇𝗀 𝖥𝗈𝗋𝖻𝖾𝗌, 𝖢𝖭𝖡𝖢, 𝖳𝗁𝖾 𝖭𝖾𝗐 𝖸𝗈𝗋𝗄 𝖳𝗂𝗆𝖾𝗌, 𝖳𝗁𝖾 𝖳𝗂𝗆𝖾𝗌 (𝖴𝖪), 𝖳𝗁𝖾 𝖶𝖺𝗌𝗁𝗂𝗇𝗀𝗍𝗈𝗇 𝖯𝗈𝗌𝗍, 𝖺𝗇𝖽 𝗆𝖺𝗇𝗒 𝗆𝗈𝗋𝖾. 𝗛𝗲𝗿𝗲 𝗮𝗿𝗲 𝘀𝗼𝗺𝗲 𝗼𝗳 𝘁𝗵𝗲 𝘀𝘁𝗮𝗻𝗱𝗼𝘂𝘁 𝘀𝘁𝗼𝗿𝗶𝗲𝘀: @Forbes - forbes.com/sites/ywang/2026/… @CNBC - cnbc.com/2026/07/24/cxmt-chi… @WashTimes - washingtontimes.com/news/202… @nytimes - nytimes.com/2026/07/27/busin… The UK Times - uk-times.com/chinas-memory-c… @SCMPNews - scmp.com/tech/big-tech/artic… 𝗔𝗹𝘀𝗼 𝗥𝗲𝗮𝗱: 𝗖𝗮𝗽𝗶𝘁𝗮𝗹-𝗥𝗶𝗰𝗵 𝗖𝗫𝗠𝗧 𝗘𝘆𝗲𝘀 𝘁𝗵𝗲 “𝗕𝗶𝗴 𝗧𝗵𝗿𝗲𝗲” 𝗠𝗲𝗺𝗼𝗿𝘆 𝗖𝗹𝘂𝗯 counterpointresearch.com/en/… 𝗦𝘂𝗯𝘀𝗰𝗿𝗶𝗯𝗶𝗻𝗴 𝗰𝗹𝗶𝗲𝗻𝘁𝘀 𝗰𝗮𝗻 𝗮𝗰𝗰𝗲𝘀𝘀 𝗼𝘂𝗿 𝗹𝗮𝘁𝗲𝘀𝘁 𝗿𝗲𝗽𝗼𝗿𝘁 “𝗖𝗫𝗠𝗧 𝗳𝗿𝗼𝗺 𝗰𝗵𝗮𝗹𝗹𝗲𝗻𝗴𝗲𝗿 𝘁𝗼 𝗮 𝘀𝘁𝗿𝗮𝘁𝗲𝗴𝗶𝗰 𝗽𝗹𝗮𝘆𝗲𝗿” 𝗵𝗲𝗿𝗲: counterpointresearch.com/en/… #Semiconductors #CXMT #IPO #Memory #DRAM #CounterpointResearch