元器件交易网讯  4月30日消息，据外媒报道，尽管供应增加，DRAM芯片在2014年第二季度将继续短缺。

　　三星电子在财报会议上披露2014年第二季度DRAM位元成长率在10%左右。   市场担心，三星会通过积极地价格策略扩大DRAM市场份额。因为三星第二季度DRAM位元增长率增长高于预期，一些人预计DRAM价格减少盈利会降低，这将削弱SK海力士DRAM盈利能力。然而我们相信三星DRAM位元成长率(Bit Growth)前景是为了回应DRAM强劲的增长需求，使盈利最大化的一个策略，而不是为了增加市场份额降低价格。

　　2014年第二季度供需将得到改善。对于PC DRAM来讲，由于2014年第一季度固定的PC需求和乐观的前景，PC OEM和分销渠道将继续补充存货。对移动DRAM来说，由于新机型尤其是LTE手机的出现，需求正迅速恢复。在供应方面，整体DRAM行业位元增长率在第二季度应当会下降，因为美光产能从DRAM转移到NAND，SK海力士一些生产中断。因此，DRAM短缺仍将继续，尽管三星有很高的DRAM位元增长率。

　　由于对DRAM供应增长的担忧，SK海力士股价降了2%。但是由于持续的DRAM的短缺收入应该改善，预计DRAM行业结构仍保持原封不动。为了回应DRAM需求的增长，三星将通过25纳米技术移民和产品结构调整来增加DRAM供应量。因此，SK海力士的股价回落是一个买入的好机会。

　　（元器件交易网董蕾 译）

　　外媒原文如下：

　　Samsung guides higher 2Q14 DRAM bit growth to bolster margins

　　On April 29, Samsung Electronics (Samsung) disclosed 2Q14 DRAM bit growth guidance at the mid-10% range during the earnings conference call. There have been market concerns that Samsung would expand DRAM market share through an aggressive pricing policy. And as Samsung’s 2Q14 DRAM bit growth guidance is higher than expected, some may expect DRAM prices to decline and profitability to deteriorate, which would lead to SK Hynix’s DRAM profitability to erode. However, we believe Samsung’s higher DRAM bit growth outlook is a strategy to maximize profitability in response to stronger-than-expected DRAM demand, rather than an effort to increase DRAM market share and lower prices.

　　2Q14 DRAM supply/demand to improve on demand growth and supply

　　disruptions DRAM demand is stronger than our previous forecast for 2Q14. For PC DRAM, PC OEMs and distribution channels continue restocking backed by solid 1Q14 PC demand and a stronger outlook going forward. For mobile DRAM, demand is recovering rapidly fueled by new smartphone models, especially LTE phones. On the supply side, total DRAM industry bit growth should decline in 2Q14 on Micron’s capacity transition from DRAM (fab 7, Singapore) to NAND and some production disruptions at SK Hynix. As such, DRAM shortages should continue despite Samsung’s higher DRAM bit growth.

　　Shares pull back on concerns over DRAM supply growth; buying opportunity

　　for SK Hynix On April 29, SK Hynix’s shares fell 2% on concerns from Samsung’s higher DRAM bit growth outlook for 2Q14. But, earnings should improve bolstered by the ongoing DRAM shortage, and expectations remain intact for structural changes in the DRAM industry. In response to DRAM demand growth, Samsung is increasing DRAM supply via 25nm tech migration and product mix adjustments without any capacity increases. As such, we believe SK Hynix’s share price pull back is a buying opportunity.