[GigaDevice: Although the supply and demand situation of niche DRAM products has eased, it is still in short supply and prices are expected to remain high for a period of time] On November 3, GigaDevice (603986.SH) released an investor relations activity record announcement. Benefiting from the rapid development of AI and related spillover effects, the storage industry is still booming. The production capacity of major industry players is shrinking/transferring (exiting niche markets), and niche storage as a whole will still be in a tight supply situation. Regarding NOR Flash products, it is expected that the prices of large-capacity products will continue to rise moderately for a period of time, while the prices of small- and medium-capacity products will remain stable. For SLC NAND Flash products, due to the long production capacity release cycle, the supply shortage pattern is expected to continue for a long period of time. For niche DRAM products, as prices have risen significantly, consumer electronics demand has been affected. Although the supply and demand situation has eased, there is still a shortage. The overall production capacity supply is still limited, and prices are expected to remain high for some time. With the growing demand for MCU products, including industry, energy and other fields, prices are expected to maintain a moderate increase for a period of time.