The recent crazy trend in the storage chip market is baffling.

This year's flash memory index soared over 200%, and the memory sector is even more outrageous—directly over 700% increase, firmly placing it in the top tier of global gainers. UBS's forecast is even more aggressive: this supply-demand imbalance could continue until 2027.

But here’s the question: it's not even 2026 yet, how can we predict a "shortage wave" two years ahead? Is it truly because of capacity constraints, or are some players secretly manipulating to harvest the global market?

Looking deeper, after giants like Samsung, SK Hynix, and Micron benefited from rising prices, they tacitly started controlling capacity. Reducing production → prices rise → profits skyrocket—this familiar playbook has been executed too skillfully. Ordinary consumers and downstream manufacturers can only passively pay the price, as the entire game is fully controlled by a few players.