1. Infineon Financial Report: AI becomes the core of growth, and traditional markets are under pressure

• quarterly results: Q4 revenue was 3.943 billion euros, profit was 717 million euros, and profit margin was 18.2%Infineon。
• full year results: Revenue of 14.662 billion euros (-2% year-on-year), profit of 2.56 billion euros, and profit margin of 17.5%; affected by the acquisition of Marvell's automotive Ethernet business, free cash flow - 1.051 billion euros, adjusted to + 1.803 billion eurosInfineon。
• CEO perspective: Achieving goals despite macro and geopolitical challenges, demonstrating the resilience of the business modelInfineon.Moderate growth is expected in fiscal 2026,Growth in automobiles, industry, and consumer electronics is limited, customers prefer short-term orders;AI infrastructure investment is growing rapidly, the demand for data center power solutions will increase significantlyInfineon。
• AI business goals: The AI data center power supply business revenue target for fiscal year 2026 is approximately 1.5 billion euros; the serviceable market size by the end of 2030 is expected to be 8-12 billion eurosInfineon.The core competitiveness is innovation ability, development speed, manufacturing level and broad customer base.Infineon。
• Fiscal Year 2026 Outlook: Revenue grew moderately, adjusted gross profit margin 40%-43%, profit margin 17%-19%Infineon。

2. The price of DRAM chips exceeds that of modules, and memory will make up for the increase soon.

• DRAM market: DDR4 and DDR5 spot prices continue to rise due to sellers’ reluctance to sell. The mainstream DDR4 1Gx8 3200MT/s chip rose 7.10% to US$11.857 on the week.The price difference between chips and modules is significant, and module prices will rise rapidly to narrow the price difference.
• NAND market: 512Gb TLC NAND wafer spot prices rose 17.07% on the week to $6.455.Supply tension continues, small and medium-sized buyers turn to spot purchases, and holders are reluctant to sell. The price increase may continue into the next quarter.

3. Samsung and SK Hynix reduce NAND production and plan to significantly increase prices

• Production reduction data: Samsung NAND wafer production target is 4.72 million wafers (year-on-year - 7%); SK Hynix 1.8 million wafers (year-on-year - 10%); Kioxia 4.69 million wafers (year-on-year - 2.3%); Micron Singapore Fab 7 maintains a low of 300,000 wafers.
• Price increase plan: Samsung is negotiating with major customers for supply in 2026 and plans to increase prices by more than 20%-30%; SK Hynix and Kioxia are simultaneously promoting price increases to reverse the cost-price sales situation.
• Capacity shift: Manufacturers are accelerating the conversion of production lines to QLC processes to adapt to the needs of AI data centers, further exacerbating the tight supply of ordinary NAND.

4. Dalian Lianda’s Q3 net profit exceeded financial forecasts, and AI applications drive growth

• revenue: NT$244.467 billion; operating profit NT$5.35 billion (+37.8% year-on-year, record high), profit margin 2.19%Infineon。
• net profit: Net profit after tax was NT$3.178 billion (+55.6% year-on-year), and earnings per share were NT$1.89, both exceeding the high financial forecast.Infineon。
• first three quarters: Revenue was NT$743.753 billion (+14.6% year-on-year), operating profit was NT$14.54 billion (+34.2% year-on-year), and net profit after tax was NT$7.262 billion (+29.2% year-on-year).Infineon。

5. Nanocore launches automotive-grade 8-channel driver chip

• Core parameters: Operating voltage 4.5V-28V, driving current 330mA per channel, meeting AEC-Q100 Grade 1, operating temperature - 40℃ to 125℃Infineon。
• Application scenarios: Adapted to inductive/capacitive loads such as automotive relays, LEDs, light bulbs, motors, etc., providing high-side, low-side and optional high-side and low-side combination solutionsInfineon。

6. China’s first 12-inch silicon photonic chip tape-out platform is put into operation

• core breakthrough: Nationally produced PDK, TDK, and ADK suites, marking the implementation of key localization capabilities in the silicon photonics fieldInfineon。