By Greg Gao
(JW Insights) May 29 -- Longsys(江波龙), a leading Chinese provider of flash and DRAM storage solutions, revealed on May 25 in its research report that although there has been a partial recovery in customer demand, the overall storage market is still in a bottoming phase, requiring close observation.
The downturn in the market is primarily attributed to the lack of momentum in end-user demand, and the recovery of the storage market relies on the revival of macroeconomic conditions and the resurgence of consumer markets. Market analysts anticipate that the storage market may stabilize in the second or third quarter of this year; That will be driven by the combined effect of reduced production by manufacturers and macroeconomic recovery. the company added.
Founded in 1999, Shenzhen-based Longsys focuses on memory chips and applications, with four product lines - embedded storage, mobile storage, SSD storage, and memory module. The company provides systematic solutions for personal data and industrial software and hardware storage products.
For the IT application market, Longsys started releasing the enterprise-level DDR4 memory module (RDIMM) AQUILA product series in 2022. It has passed some customers' qualified supplier certification and gradually achieved scale production.
The company released SSD samples of enterprise-level specifications in December of the same year. It continued to introduce, verify and send samples to clients in operator, Internet, and banking system sectors. It is expected to obtain batch orders from some customers within this year, according to the company.
Longsys currently holds a relatively low global market share. However, with the continuous enrichment of its terminal applications and increasing demands, combined with favorable government policies in China, the company said it possesses significant growth potential.
As the company optimizes its product structure and enhances its technological capabilities, its portfolio will become more balanced. This includes storage solutions for automotive, industrial, flash memory products Lexar in the consumer market, and enterprise-level storage business.
