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Morgan Stanley pointed out that the expansion of production capacity by Chinese storage manufacturers will change the supply structure of the global storage market. Morgan Stanley estimates that Changxin DRAM's monthly production capacity will increase from 180000 wafers in 2025 to 300000 wafers in 2026, accounting for approximately 13% of global DRAM wafer production capacity and 11% of bit shipments; By 2028, it will increase to 500000 pieces, and by 2031, it will reach 800000 pieces. If the expansion goes smoothly, Changxin's global DRAM bit shipment market share may approach 15% by 2030, and there is a chance to surpass Micron in terms of production capacity and become the world's third-largest DRAM supplier around 2028.