BIWIN Storage

Company Overview

Shenzhen Baiwei Storage Technology Co., Ltd. (STB stock code: 688525) was founded in 2010, the company specializes in semiconductormemory (unit)The main products are semiconductor memories, and the main service is advanced sealing and testing service, in which semiconductor memories are divided into different applications.Embedded Storage, PC Storage, Industrial Vehicle Gauge Storage, Enterprise Storage and Mobile Storageetc. The company is based on “Storage Empowers Everything (Memory Empowers Everything)”With a mission to become the world's first-class storage and advanced packaging and testing manufacturer. CompanyListed on Techtronics Board and a Techtronics 50 constituent stockand was awardedNational Integrated Circuit Industry Investment Fund II, China Internet Investment Fund, Chinese Academy of Sciences InvestmentThe company has made strategic investments in the semiconductor memory industry chain. The company closely around the semiconductor memory industry chain, constructed the R & D sealing and testing integrated business model, in theStorage media characterization, firmware algorithm development, memory chip sealing, test R&D, global brand operationand other aspects of core competitiveness, and actively layoutChip IC design, advanced packaging and testing, chip test equipment developmentThe company's memory chips are widely used in mobile smart terminals, PCs, industrial terminals, data centers, smart cars, mobile storage and other information technology fields. The company's memory chip products are widely used in mobile intelligent terminals, PCs, industry terminals, data centers, intelligent cars, mobile storage and other information technology fields.

With excellent comprehensive competitiveness, the company has been awarded as one of the “50 Constituent Stocks of Science and Technology Innovation”, “2024 Most Valuable Science and Technology Innovation Board Listed Enterprises”, and “Specialized, Specialized, and New Small Giant Enterprises” at the national level, National High-tech Enterprise“, ”Customs AEO Senior Certified Enterprise“, ”Top 10 Best Domestic Chips“, ”Guangdong Engineering Technology Research Center for R&D and Packaging Testing of Complex Memory Chips“. R&D and Packaging & Testing Engineering Technology Research Center of Guangdong Province”, “Post-doctoral Innovation Practice Base”, “Shenzhen Famous Brand”, “Top 10 Specialized, Specialized and Specialized New Enterprises in Nanshan District”, and so on. The products have been awarded the titles of “Global Electronics Achievement Award Annual Memory”, “China IC Design Achievement Award Annual Best Memory”, “Hardcore China Core Best Memory Chip The products won the honors of ”Global Electronics Achievement Award Memory of the Year“, ”China IC Design Achievement Award Best Memory of the Year", "Hardcore China Chip Best Memory Chip", "China Automotive Industry Outstanding Automotive Electronics Innovative Product Award", etc.

Products & Services

The product matrix of Baiwei Storage covers five major fields: consumer, embedded, industrial automotive, enterprise and mobile storage, forming a full-scenario solution:

1. Consumer Grade Storage::
   • SSD Solid State Drives: Including the PCIe Gen5×4 interface Black Opal Black Opal series (such as X570 PRO), which supports NVMe 2.0 standard with sequential read speeds of more than 7,000MB/s for gaming gaming and high-performance computing.
   • memory stick: Introducing the 192GB DDR5-6000 CL28 ultra-high-capacity memory module, which supports AMD's proprietary optimization to accelerate AI computing tasks.
   • Mobile Storage: such as the Amber PM2000 magnetic mobile SSD, which supports ultra-fast transfers and is compatible with multiple devices.
2. Embedded Storage::
   • eMMC/UFS: Designed for smart terminals, such as the ePOP4x highly integrated solution, adapting to space-constrained devices such as AR glasses and smartwatches.
   • LPDDR5X: Low-power, high-performance memory to support end-side AI devices such as AI phones and AIPCs.
3. Industrial Vehicle Storage::
   • Industrial Grade SSD/Memory: Meet the high stability requirements of 5G base stations, industrial internet and other scenarios.
   • Automotive Grade Storage: AEC-Q100 compliant, has delivered LPDDR and eMMC products in volume to headline car companies to support intelligent driving systems.
4. Enterprise Storage::
   • Enterprise SSD/RDIMM: Provides high-capacity, multi-interface data storage solutions to support efficient server operation with high reliability and low power consumption.
5. Advanced Packaging Services::
   • Covering Bumping, Fan-in, Fan-out, RDL and other wafer-level packaging technologies, the company provides one-stop solutions of “Storage + Wafer-Level Advanced Packaging” to meet the needs of AI end-side and smart driving scenarios.

core technology

The core competitiveness of Baiwei Storage stems from its technology research and development and industry chain integration capabilities:

1. Characterization of storage media: In-depth knowledge of NAND/DRAM particle characteristics to optimize product performance and power consumption.
2. Firmware Algorithm Development: Self-developed firmware to enhance data security and system stability.
3. Main control chip designThe first domestic self-developed eMMC master (SP1800) has been mass-produced to support automotive applications; the UFS master (SP9300) adopts industry-leading architecture and is expected to be put on the chip in 2025.
4. Advanced Packaging Technology: Wafer-level packaging and testing project will be put into production in the second half of 2025 to support integrated packaging and testing for storage and computing and enhance product competitiveness.
5. Globalized Brand Operations: Expanded into the consumer-grade market through brand licenses such as HP and Predator, and gained international recognition for products such as mobile hard drives and overclocking memory sticks.

development prospect

1. Industry Trend Drivers::
   • AI end-side explosion: The demand for low-power, high-bandwidth storage in terminal devices such as AI phones, AIPCs, and AR glasses is surging, and BW Storage's products such as LPDDR5X and ePOP have taken the lead.
   • Storage prices pick up: 2025 NAND / DRAM prices stabilized and rebounded, industry institutions predicted that NAND Flash Q3 rose 3-8%, Q4 continue to rise 5-10%; DRAM Q3 rose 10-15%, Q4 rose 8-13%, driving the company's performance improvement.
2. Market Expansion and Ecological Layout::
   • Wide customer coverageThe products have entered the supply chain of first-tier brands at home and abroad, such as OPPO, vivo, Lenovo, Xiaomi, etc., and obtained the qualification of core supplier of AI server vendors in the enterprise level field.
   • Ecological deepening of localization: Entered into strategic cooperation with domestic server manufacturers, adapting domestic CPU and OS operating system to expand the Xintron market.
3. Production capacity and R&D investment::
   • Directional issue to expand production: Raise 1.871 billion yuan for Huizhou Baiwei advanced sealing base and wafer-level sealing project to meet the needs of AI end-side and intelligent driving.
   • Continuous investment in R&D:2025 R&D investment of 410 million yuan in the first three quarters, up 20.98%, focusing on the layout of chip design, advanced packaging and testing and other areas.
4. future growth point::
   • AI emerging end-side: AI emerging end-side (non-cellular/PC segment) revenue exceeded $1 billion in 2024, up 294% year-over-year, with continued high growth expected in 2025.
   • Server Market: The global server market size is expected to reach $145.8 billion in 2029, high-performance storage demand is strong, Baiwei storage enterprise-class products commercialization landing ability to significantly improve.