Wuxi Dk Electronic Materials Co LtdStorage chip revenue rose 89.54% YoY and the company expects a peak demand season with rapid OTT recovery, maintaining its annual shipment target.

Dike Shares said during an institutional survey that its storage chip business achieved revenue of 358 million yuan in the first half of the year, up 89.54 percent year on year, maintaining rapid growth. The consumer market for the storage segment was quite volatile in the second quarter, but the second half is expected to be a peak demand season, especially with a rapid recovery in demand in the OTT sector. The company's storage product categories have expanded from DRAM to Flash, and it has broadened raw material supply channels. Looking ahead to the full year, the company will maintain its annual shipment target and expects better performance next year.
Wuxi Dk Electronic Materials Co LtdStorage chip revenue rose 89.54% YoY and the company expects a peak demand season with rapid OTT recovery, maintaining its annual shipment target.