Dosilicon Co Ltd. amid a bullish memory‑chip market

On February 9, 2026, the Shanghai Stock Exchange witnessed a surge in the memory‑chip sector, driven largely by record‑high prices across DRAM, NAND and HBM products. While the company itself has not yet announced any new corporate actions, the broader market conditions are likely to influence its valuation and future outlook.

1. Market backdrop: soaring memory prices

The February 9 coverage from Sohu and Eastmoney highlighted that memory prices had jumped by 80 % to 90 % in the first quarter of 2026. Notably:

  • The price of a 64 GB RDIMM (registered dual‑rank DIMM) had more than doubled from roughly $450 in the fourth quarter of 2025 to over $900 in the first quarter of 2026, with analysts forecasting a further rise past $1,000 in Q2.
  • NAND flash and HBM products similarly enjoyed strong price appreciation, driven by escalating demand for AI workloads and high‑performance computing.
  • Traditional DRAM’s operating margin exceeded that of HBM in Q4 2025, and it was projected that manufacturers would reach a historical peak in operating margin during Q1 2026.

These price dynamics underpin the bullish sentiment that has led to a net inflow of more than ¥9 billion of “主力资金” (major‑institutional capital) into the broader storage sector on February 9, 2026. The inflow was accompanied by a wave of “涨停” (limit‑up) events among storage‑related stocks, signaling heightened investor enthusiasm.

2. Implications for Dosilicon’s valuation

Dosilicon Co Ltd. trades on the Shanghai Stock Exchange, with a market cap of approximately 55 billion CNY and a 52‑week range of 23.4 CNY to 156.84 CNY. The recent price rally in the memory market exerts indirect pressure on all companies within the semiconductor value chain, including those that supply materials, equipment or ancillary services to memory manufacturers.

Key considerations are:

  • Supply‑chain positioning – If Dosilicon operates in any segment that supplies to memory chip fabs (e.g., lithography equipment, raw materials, or process technologies), the heightened demand for memory chips could translate into increased orders and revenue.
  • Competitive dynamics – Companies that can quickly scale production of high‑margin memory products may capture larger market shares. Dosilicon’s ability to maintain or improve its operational efficiencies will be crucial.
  • Profitability signals – The market’s focus on margin expansion in DRAM and HBM suggests that companies in the broader semiconductor ecosystem could benefit from higher gross margins, provided they are not constrained by input costs or capacity limits.

3. Broader industry trajectory

TrendForce projected that the total storage industry output would reach 551.6 billion USD in 2026, with a 53 % year‑on‑year growth forecast for 2027. Eastmoney’s analysis cited the continued expansion of AI infrastructure by overseas CSPs (cloud service providers) as a key driver, reinforcing a “volume‑and‑price” growth cycle for storage components. This optimistic outlook dovetails with the observation that 37 listed Chinese companies had already released 2025 earnings forecasts or briefings, with more than 70 % reporting improved profitability metrics.

For investors, the memory‑chip rally signals a potentially favorable environment for companies that are either directly involved in memory production or positioned to supply the supporting ecosystem. While Dosilicon has not yet disclosed any specific operational changes, the prevailing market conditions underscore the importance of monitoring its supply‑chain relationships, cost structures, and capacity plans.

4. Conclusion

The February 9, 2026 reports from major Chinese financial outlets captured a pivotal moment for the memory‑chip industry, with record‑high prices and significant institutional inflows. Although Dosilicon Co Ltd. has not announced any new corporate actions, the broader market dynamics—especially the surge in DRAM and NAND prices—create both opportunities and challenges. The company’s future trajectory will depend on how well it can navigate supply‑chain demands, capitalize on margin expansion, and integrate into the rapidly evolving AI and high‑performance computing ecosystems that are driving the industry’s growth.