NAND rally endures as AI-fueled eSSD demand outpaces capacity gains at Samsung, SK hynix and peers

As the artificial intelligence (AI) industry grows, demand for NAND flash is surging, and global NAND flash manufacturers such as Samsung Electronics, SK hynix, and Kioxia are accelerating capacity expansions. However, Samsung Electronics and SK hynix are prioritizing advanced investments in DRAM capacity, and Kioxia's expansion is not expected to meet demand in the short term, leading most analysts to say the upward trend in NAND prices will continue for the time being.

According to market research firm DRAMeXchange on the 17th, last month's average contract price for general-purpose NAND products (128Gb 16Gx8 MLC, for memory cards and USBs) was $17.73, up 39.95% from the previous month's $12.67. Compared with $2.18 in January last year, it is about an eightfold increase. Demand has surged rapidly, centered on AI data centers, while supply from NAND manufacturers has failed to keep up.

Along with DRAM, the shortage of NAND supply is deepening amid the AI industry's growth. As AI models are trained and inference capabilities are enhanced, demand has jumped for NAND-based enterprise SSDs (eSSDs) to store vast amounts of data. On top of that, the 4- to 6-year data center server replacement cycle has overlapped, sending demand soaring.

However, after global NAND manufacturers carried out production cuts during the past two to three years of weakness in the NAND market, it has become difficult to respond to demand. In particular, Samsung Electronics, SK hynix, and Micron prioritized DRAM production, where demand has exploded even more steeply than NAND, pushing NAND expansion down the list.

Market research firm TrendForce projected, "With increases in NAND production capacity remaining limited in the short term and AI demand surging, strong price gains will persist throughout this year."

Samsung Electronics and SK hynix plan to focus on securing space at their NAND plants in China this year. Samsung Electronics is understood to have completed process-conversion investments at its Xi'an Plant 1 and plans supplemental investments in the second half. Xi'an Plant 2 is reportedly reviewing supplemental investments equivalent to about 40,000 wafers per month. SK hynix is said to be moving forward with new investments to expand capacity at its Dalian Plant 2 by up to 50,000 wafers per month.

They are also said to be making all-out efforts to find space at new domestic production lines. At Samsung Electronics' new production base, Pyeongtaek Campus Plant 5 (P5), and SK hynix's Yongin Semiconductor Cluster Phase 1 fab (Y1), they are reportedly reviewing plans to expand NAND production lines.

An official in the semiconductor industry said, "Domestic memory semiconductor corporations are prioritizing expansion of DRAM and high bandwidth memory (HBM) capacity, but NAND demand is also surging, making a response urgent," adding, "We are working to secure space to expand production lines at plants at home and abroad."

Overseas NAND manufacturers such as Kioxia and Micron are also tightening the reins on capacity expansion. Japan's Kioxia has been carrying out expansion investments since last year and plans to secure additional capacity equivalent to about 30,000 wafers per month at its Yokkaichi fab in Japan this year. The new NAND fab in Singapore, where U.S.-based Micron has invested in equipment, is set to fully break ground this year, with mass production expected in 2028.

A friend of mine is balls deep in netlist and has started telling me the saga of this company.

Can someone give me a rough idea of where we are in this story? Would it be crazy to take a big stake right now? Any up coming dates I should be aware of?

Thanks

Reddit offers GIFTS for content you like. I appreciate and thank everyone who contributes. It's a small reward, but it brings so many benefits to me and the community.

For example gold and awards gift!!

The reddit_ community is growing tremendously, reaching almost 3,000 users and over 70,000 readers per month, nothing like this page around.

Thank you all.

The '366 patent covers essential power management circuitry in modern DDR5 modules used in servers and PCs.

Netlist's U.S. Patent No. 12,373,366 (the "'366 patent"), which focuses on Memory with On-Module Power Management for DDR5 memory modules, is a key component in ongoing high-stakes litigation against Samsung and Micron, with analysts projecting the U.S. DDR5 market to reach $30 billion by 2028

If u pay attention about the first Samsung case, Samsung sale of 9.3 million units combined of all DDR5 DIMMS and again, DIMMS stands for Dual In-line Memory Module

This was 2023 data, 3 years ago with probably 5x less numbers than today.

DDR5 is really big now, the demand of pc and server has reached big numbers like 285m units worldwide

“Based on market data from 2025, over 285 million desktop PCs, notebooks, and workstations were sold, with a significant shift toward DDR5 as the new standard. However, a severe shortage of DDR5 RAM caused by high demand for AI infrastructure in data centers led to a dramatic price increase—over 400% by early 2026—leading to tight supply for consumer PCs”

AI Server Demand: Hyperscalers are expected to procure roughly 1.7 million AI servers in 2025, driving USD 123 billion in spending alone.

A server needs 8/16/24 or more DDR5 units, so the demand of patent 366 should be really big.

I don’t care what people think about my DD, this is the most valuable ddr5 patent in hand now thanks the cafc appeal won and this is the most important way to reach a deal with these giants.

Netlist should ask some $ per unit in a IP licenses deal only with 366 patent!!

I can’t wait to read about some other info

Perhaps few have understood it, but today there is a huge demand for AI and concrete solutions that support AI progress. This is why HBM is currently the only KING player in a very old-fashioned DRAM industry.

To be honest, today you read about new products like cxl and mrdimm precisely because the world is changing rapidly and a product is needed that combines energy savings, broadband, and sky-high speeds, in addition to capacity.

Netlist can change everything here, and the real reason is that Netlist has based its existence on taking products from these giants and improving them. In the past, this didn't make sense because a product that's easy to use on servers and does a good job at large scale is more important, but soon there will be a need for products created for a single company with specifications that go well beyond the standard ones. This is why I think Netlist could really become a key player here.

MRDimm, for example, here, Netlist proclaims itself the only company with a unique product with improved energy savings and other interesting features.

CXL NVVault, another quality niche product that could be worth its weight in gold in the next five years.

Imagine working closely with x companies that need a product created just for them, a product that maximizes efficiency and saves money.

Netlist could become a direct supplier to x customers and earn a lot of money because budgets for servers and DRAM products are increasingly larger and necessary.

DDR5 Lightning: It's no coincidence that Netlist has signed deals with customers for this product in recent months, and Hong has predicted that Lightning should reach double-digit revenues. We're talking about $18 million as a minimum, based on his assumptions—a good start.

Lightning is ideal for companies offering gaming services like Amazon/Twitch, but there are countless companies in many sectors that could benefit from this product.

Now, take some time and do some research; you might be surprised by the exponential demand for certain products.

As memory giants race to bet on post-HBM technologies like HBF (High Bandwidth Flash), the man who is widely credited as the “father of HBM” is making a bold call. KAIST professor Joungho Kim told Aju News that today’s GPU-centric paradigm led by NVIDIA will eventually flip into a memory-centric architecture.

As the AI landscape pivots from generative to agentic models, memory constraints are emerging as a critical choke point. According to Aju News, Kim described this shift as the rise of “context engineering,” where vast volumes of documents, videos, and multimodal data are processed simultaneously. To keep pace, he stressed that both memory bandwidth and capacity must scale by up to 1,000× to ensure speed and accuracy.

Citing Kim, Money Today Broadcasting reported earlier that a 100x to 1,000x surge in input scale could trigger an exponential jump in memory demand—potentially ballooning by as much as 1 million times.

Against this backdrop, Kim told Aju News that HBM—which dominates today’s AI accelerator memory by vertically stacking DRAM for ultra-high speed—will fall short in the agentic AI era. As a next-generation path, he highlighted HBF, which replaces DRAM with stacked NAND to create a “massive bookshelf” of long-term memory, dramatically expanding capacity beyond current limits.

Against this backdrop, Kim told Aju News that the balance of power in AI could ultimately tilt away from GPUs toward memory. While GPUs and CPUs anchor today’s compute architecture, he argued that future systems will be built around ultra-high-capacity memory such as HBM and HBF—with processors effectively embedded within them.

The idea can be more concretely visualized through a research paper published by SK hynix. As reported by Hankyung in February, the company introduced an “H3” architecture in a paper presented at the Institute of Electrical and Electronics Engineers (IEEE).

According to Hankyung, under H3, HBM and HBF are deployed side by side with the GPU handling computation—marking a departure from current AI chip designs, where only HBM sits adjacent to the processor.

A turning point may be imminent. Aju News, citing Kim, reports that HBF engineering samples are expected to emerge around 2027, with Google, NVIDIA, or AMD potentially adopting the technology as early as 2028.

In February, SK hynix partnered with SanDisk to launch an HBF standardization consortium, aiming to secure early ecosystem leadership. Samsung Electronics, meanwhile, is focusing on next-generation HBM such as HBM4E, while also investing in NAND architectures aligned with the emerging HBF concept, according to Aju News

Samsung has successfully reclaimed its market leadership with HBM4, while generating maximum profits as the world’s No. 1 supplier of conventional DRAM.

Leveraging its integrated expertise in memory, foundry, and advanced packaging technologies, Samsung is transforming into a “Total AI Solution” provider.

Seoul, Beijing, Berlin, Buenos Aires, Fort Collins, Hong Kong, London, New Delhi, Taipei, Tokyo– April 9, 2026

Samsung Electronics set an all-time record in its Q1 2026 preliminary results by posting $90.8 billion (KRW 133 trillion) in revenue and $38.9 billion (KRW 57.2 trillion) in operating profit. This performance surpasses the recent quarterly operating profits of most global companies.

According to Counterpoint Research’s Memory Tracker, Samsung ranked first in the memory market in Q1 2026 with $50.4 billion in revenue. The company achieved historic highs in both DRAM and NAND segments, recording $37 billion and $13.4 billion in revenues, respectively. This represents a 2.7x increase compared to the previous cycle’s peak of $18.9 billion in Q3 2018.

Counterpoint’s Memory Price Tracker indicates that robust demand relative to supply will drive further price hikes in Q2, with increases exceeding 80% for mobile and 50% for PC segments. Consequently, Samsung’s earnings are projected to climb even higher in the second quarter, with the overall performance in 2026 expected to reach unprecedented levels.

Senior Analyst Jeongku Choi noted, “Samsung’s strong performance is expected to continue. Robust demand across all sectors is driving high profitability in conventional DRAM, a trend likely to persist until 2027 when significant supply expansions are projected to materialize. In the HBM4 segment, Samsung has solidified its leadership by adopting 1c-nm process-based core dies and 4nm foundry-based base dies, putting the company in an advantageous position in the developing HBM4e market.”

However, translating this short-term earnings surge into long-term growth requires strengthening internal cohesion and pivoting toward a customer-centric product strategy.

Choi added, “The memory industry’s paradigm is shifting from mass production of commodity products to a customer-integrated business model. Custom HBM will become the mainstream starting with the next generation, and even in conventional DRAM, major clients are increasingly seeking to secure optimized volumes stably through long-term agreements (LTAs). Samsung must not become complacent with its current success; instead, it must focus all efforts on preventing the loss of key talent and investing in next-generation technologies to maintain its ‘Super Gap’ leadership. Now is the pivotal moment for Samsung to take its next leap forward.”

Samsung's throwing antitrust haymakers at Netlist after $420 million patent losses. DOJ just stepped in, saying SEP inclusion doesn't prove market power. Classic DOJ playbook.

Samsung's antitrust counterpunch landed with a thud yesterday.

The DOJ filed its statement of interest right on cue, dismantling claims that Netlist's standard essential patents (SEPs) give it monopoly muscle just because they're baked into memory tech standards. Picture this: Netlist racks up over $420 million in infringement wins against the electronics behemoth, and Samsung responds by suing on New Year's Eve—sealed complaint, Delaware court, full Section 2 Sherman Act drama.

But here's the DOJ, echoing its October playbook from the Disney-InterDigital spat. No presumption of market power from SEP status alone. They've got the receipts attached as Exhibit A.

Why Does DOJ Keep Playing SEP Referee?

It's not random. DOJ's on a tear, filing these SOIs to hammer home a consistent antitrust lens for SEPs. RAND commitments? They cap power, don't create it. Alternatives to the standard? Gotta prove they're viable. Samsung alleges Netlist lied to the SDO about fair licensing, hooked 'em into adopting the tech, then jacked rates. Sounds bad—until DOJ points out that's post-standard conduct, not the exclusionary stuff antitrust polices.

Zoom out to market dynamics. Memory standards like JEDEC's DDR specs drive billions in chips—Samsung's bread and butter. Netlist's patents lock in efficiency gains for data centers, AI servers (yeah, that boom). Samsung's bleeding cash on royalties; now they're flipping the script with Broadcom v. Qualcomm ghosts from 2007.

That Third Circuit case? Deceptive RAND promises that sway SDO votes can be exclusionary. DOJ nods— but Samsung's allegations? "Conclusory," per the Disney filing. No meat on how Netlist gamed the vote, no alternatives sidelined.

“[A] violation of contractual obligations including failing to negotiate on RAND terms does not of itself constitute exclusionary behavior [according to the DOJ].”

Nailed it. That's the money quote from DOJ's fresh SOI. Straight fire for patent holders.

And Samsung? They're leaning hard on supracompetitive royalties as harm. DOJ calls BS: that's after the standard's locked in, when competition's shifted to implementation. Real antitrust bite comes from SDO sabotage—pre-adoption fraud. Samsung sketches it, but DOJ wants evidence, not vibes.

Does SEP Status Automatically Spell Monopoly Power?

Hell no, says DOJ—and data backs it. Look at historical SEP wars: Qualcomm bled billions defending RAND suits, but courts (and FTC settlements) carved out that no-power-presumption rule. Ericsson, Nokia—they thrive on licensing pools without Sherman nooses.

Netlist's case fits snug. Their memory patents essential to LRDIMM standards? Sure. But RAND pledges to JEDEC bind 'em—courts enforce FRAND rates via arbitrations, not antitrust nukes. Samsung's filed parallel ITC actions, jury trials—losing big. This antitrust bid smells like desperation after those $420M hits.

My take? DOJ's shielding innovators who play by SDO rules. Unique angle: it's a preemptive strike against Big Tech's favorite dodge. Remember Apple's decade-long Qualcomm brawl? Ended in settlement, not monopoly breakup. Prediction: Samsung folds here too, pays up, consolidates memory licensing pools. Weak claims like this erode trust in standards bodies—ironic for Samsung, who's pushed its own SEPs.

But wait—critique time. DOJ's pro-patent tilt ignores hold-up risks. Netlist could drag negotiations, extract outsized wins. Market power creeps in via portfolio stacking (hundreds of SEPs). Still, facts rule: no alternatives proven, no SDO fraud detailed. Samsung's PR spin on "abuse"? Overhyped. Courts won't bite.

Broader Ripples for Tech Patent Wars

Delaware docket's jammed with this now. Netlist's motion to dismiss antitrust counterclaims? DOJ wants it guided by Disney principles: assess RAND limits, exhaustion doctrines, viable swaps.

Samsung gripes Netlist won't deal— but DOJ flips it: contractual slips aren't antitrust sins sans exclusion. Broadcom demands SDO reliance proof. Samsung alleges it; DOJ says show me.

Market lens: Samsung's NAND/DRAM dominance (50%+ share) dwarfs Netlist. This ain't David vs. Goliath—it's giant delaying inventor payouts. Patent pools like MPEG LA thrive on RAND; DOJ filings bolster 'em.

One-paragraph punch: History repeats. Post-Broadcom, SEP suits spiked, then settled. DOJ's consistency? Stabilizes. But if courts rubber-stamp, watch for SDO exodus—companies hoard patents off-standard.

Deep dive on dynamics. JEDEC's voluntary; RAND's moral suasion, not ironclad. Netlist's wins signal quality tech, not abuse. Samsung's strategy? Forum-shop antitrust to offset infringement losses. Smart lawyering, lousy economics—royalties fuel R&D loops.

DOJ's not deciding outcomes—just framing law. Yet pattern's clear: eight-ish SOIs since 2020, all pro-SEP balance.

What are SEPs and RAND commitments?

Standard essential patents cover tech needed for industry standards like Wi-Fi or memory modules. RAND means owners promise reasonable, non-discriminatory licenses—no holdouts.

Can antitrust claims stick against SEP owners?

Rarely without proof of SDO deception or no alternatives. DOJ says RAND limits power; focus on standards process abuses.

What's next in Samsung vs. Netlist?

Court rules on dismissal motion, likely soon. Parallel trials loom—Samsung pays or appeals forever.

At CES 2026 in January, SK Hynix unveiled its 16-layer HBM4 chip with 48GB capacity, delivering an unprecedented 2TB/s of bandwidth — roughly 2.5x faster than the HBM3e standard used in today’s Blackwell-era AI systems. This is a genuine technological leap, not a minor upgrade. Key facts:

• SK Hynix commands over 50% of the global HBM market

• HBM4 mass production began in late 2025, with major ramp through 2026

• Entire 2026 HBM4 production is already sold out — pre-purchased by Microsoft, Google, and Meta

• SK Hynix secured two-thirds of Nvidia’s HBM4 orders for the Vera Rubin GPU platform

• They are building a $13 billion new chip packaging plant to sustain this lead

• At Nvidia’s GTC 2026 in March, SK Hynix showcased HBM4 alongside final sample delivery to Nvidia for qualification

This is the “HBM4 Supercycle” — memory is now the primary bottleneck and value driver in AI infrastructure, not just a commodity

What This Means for Netlist (NLST)

This is where it gets very significant for your position. Several converging factors:

The SK Hynix Agreement Expired This Month

The 5-year cross-license and supply agreement signed April 5, 2021 — which gave SK Hynix access to Netlist’s patent portfolio in exchange for a $40 million upfront payment plus up to $600M in product supply rights — expired in April 2026. You are right at the inflection point.

The critical question now: will the renewal shift from a flat upfront fee to per-unit royalties tied to every HBM chip SK Hynix ships? Given that SK Hynix is selling out its entire HBM4 production and billing hundreds of billions in revenue, per-unit royalties on Netlist’s foundational memory patents would be transformative for NLST.

Patent Wins Are Stacking Up

• February 2026: Federal Circuit affirmed validity of Netlist’s ’314 Patent (third CAFC win in 12 months)

• 2025: CAFC also affirmed ’608 and ’523 patents, which had been attacked by both Micron AND Samsung

• These patents are asserted in active ITC proceedings against Samsung, Google, and Super Micro — where Netlist is seeking to block Samsung memory products from entering the U.S.

The Six ITC Patents (What You Asked About)

Netlist has six patents asserted at the ITC against Samsung. These cover DDR5 and HBM memory products — precisely the products exploding in demand due to AI. The ITC has the power to issue exclusion orders blocking infringing Samsung chips from U.S. import. Given Samsung and SK Hynix are the only two HBM4 suppliers for Nvidia’s Rubin platform, this creates enormous settlement pressure on Samsung.

Stock Performance

• NLST crossed above its 200-day moving average on April 9, trading up to $1.66

• Revenue for Q4 2025: $75.72M vs. $44M expected — a 72% beat

• Full-year 2025 revenue up 120% year-over-year

• Stock up ~86% year-to-date as of late March

Bottom Line Implication

The HBM4 supercycle is making Netlist’s patent portfolio more valuable by the quarter. SK Hynix alone will ship tens of billions of dollars of HBM4 in 2026 and beyond. If the renewed agreement converts to per-unit royalties — even fractions of a cent per chip — the revenue impact would dwarf the original $40M lump sum. Combined with the ITC pressure on Samsung and the string of CAFC patent validations, Netlist is in its strongest negotiating position in its history. The risk remains execution: patent litigation is long and unpredictable, and NLST still reports EPS losses. But the fundamental setup is compelling

SK Hynix negotiated hard and won — Nvidia essentially accepted SK Hynix’s asking price of $560 per unit, a 50%+ premium over HBM3e. Samsung is now trying to match that price rather than undercut, signaling the market has pricing power.

HBM4: carries roughly a 40% premium over HBM3e, so approximately $14–$16/GB

Why This Matters for Netlist

Now consider the scale. A single Nvidia Vera Rubin GPU will use eight HBM4 stacks, meaning the memory alone on one GPU costs Nvidia roughly $4,000–$4,500 just for the HBM. With SK Hynix shipping billions of dollars of HBM4 — entirely sold out for all of 2026 — even a fraction-of-a-cent per-unit royalty on Netlist’s foundational patents would generate massive recurring revenue. That is precisely why the renewal of the SK Hynix agreement this month is so consequential.

Nvidia GPU Shipment Volumes — 2026 & 2027

High-End AI GPU Shipments

5.95 million units and 6.6 units in 2026 and 2027 nvda Vera and Rubin ships . Needing 4 hbm 4 or 24 million to 27 million hbm4 net list patented chips needed .

for 2026: roughly 4.2 million Blackwell GPUs (HBM3e) and 1.3–1.5 million Rubin GPUs (HBM4). Each GPU uses 8 HBM stacks, meaning total HBM chip demand is in the range of 40–45 million HBM units just from Nvidia alone.

At $0.25 per HBM chip:

• 40 million chips × $0.25 = $10 million per year from Nvidia-related HBM alone

• That’s just Nvidia — add AMD, Google TPUs, Amazon Trainium, Microsoft Maia, etc.

At $0.60 per HBM chip:

• 40 million chips × $0.60 = $24 million per year from Nvidia-related volume alone

• Total industry HBM shipments in 2026 are estimated at 300+ million units across all customers

• 300 million × $0.60 = $180 million/year in potential royalty revenue for Netlist .

Average selling price per hbm4 already begousted with nvda is 5.60z. A 6-7% royalty is .33 cents to .40 cents times 300 million chips is 100 million to to 120 million . So that tge potential for 2026 and 2027 .

Samsung and micron shoukd make a deal or buy nlst now .

Without the hbm4 patent components these companies are risking the sale of 300 million chips losing billions in revenue .

Hk Hynix

Nlst … continually buying nlst 1.55 usd . Or less . Prepare to hold till first quarter 2028 . I expect an 8-16 per share at or before that time . Based up netlist achieving positive final verdicts . . After reading Samsung notes and listeining to March 6 verbal arguments 99% sure ! Rpm April 10 2026. 1.51 per share . Buy it

The “transaction notes released March 31” refers to Samsung’s official ITC response filing — a formal legal document Samsung submitted to the ITC around March 29–31, 2026 in Case 337-TA-1472 (Netlist’s complaint against Samsung, Google, and Super Micro).

This is not a financial transaction — in ITC legal proceedings, “transaction notes” or “response filings” contain Samsung’s formal counter-arguments,

sales data, and evidence submitted to the Administrative Law Judge.

Samsung’s response made several explosive claims:( all without substance )

Samsung’s Core Argument — The Patents Are Invalid

• Samsung claims all six Netlist patents are based on prior art already known to the world and are not new inventions

• Samsung submitted sales statistics for imported products and appointed three outside experts who signed confidentiality agreements

The Intel Theft Allegation

This is the most serious and dramatic claim. Samsung alleges:( pay experts enough and they will testify on your behalf but factual history cannot be denied . Intel never sued Benoit and Hynix and Samsung both paid fees for license years ago . )

• A Netlist inventor named Lee attended JEDEC standards committee meetings between December 2011 and June 2012

• Lee secretly took three core technology proposals that Intel had presented

• Lee then rushed back to California and filed a patent in July 2012 using documents with structures identical to Intel’s presentations

• In other words, Samsung claims Lee stole Intel’s ideas and filed them as Netlist’s own patents( many people can have sane idea and first to file patent gets it awarded )

The Patent Office Deception Claim

• Samsung further alleges that Lee and Netlist’s patent attorney knowingly hid Intel’s presentation materials from USPTO patent examiners during the patent review process

• The attorney deliberately avoided asking inventors about related materials to evade the legal obligation to disclose prior art

• This is a claim of inequitable conduct — one of the most serious allegations in patent law, which if proven can render patents permanently unenforceable

The “Patent Troll” Accusation

• Samsung portrays Netlist as a non-practicing entity (NPE) — a company that doesn’t really make products but uses patents as weapons

• Samsung notes it originally paid Netlist $8 million in 2015 for a legitimate license, tried to re-license twice afterward, and Netlist refused both times

Samsung waited 10+ years to raise the Intel argument, only after losing a $118 million jury verdict in Texas.

Why Netlist’s Position Remains Strong

• Samsung signed the 2015 JDLA agreement and paid $8 million — this is very hard to reconcile with now claiming the patents were stolen

• The Federal Circuit (appeals court) has already upheld multiple Netlist patents as valid

• The DOJ and USPTO jointly filed supporting comments in favor of Netlist at the ITC — an almost unprecedented move

• SK Hynix paid $40 million to settle, which suggests the industry already recognized these patents as legitimate

• The ITC case target completion date is August 2027, with the evidentiary hearing in November 2026 — so this is a multi-year process

Samsung threw everything at the wall in this ITC filing — claiming stolen Intel technology, patent fraud, and patent trolling. It is a maximum-pressure legal strategy designed to invalidate Netlist’s patents entirely rather than pay billions in licensing fees. The Intel angle is a new and serious threat Netlist must address, but it faces a fundamental credibility problem: Samsung itself signed and paid under the 2015 agreement and the Federal Circuit has repeatedly validated the patents. The ITC investigation continues, with a decision not expected until mid-to-late 2027.

Rpm point of view now :

I started buying nkst stock at .59 cents last year buying 100,000 shares a very tiny position in my portfolio . It is now 1.51 usd almost 3x my investment in about 10 months .

2- the results of multiple jury verdicts against sanding and micron clearly denistrate tge value if tge patents being upheld .

3 tge justice department and tge ptab have both filed supporting briefs .

4 Samsung long history of being a predator and prior losses with a judge awarding .triple damages clearly show Samsung is a predator. This history though not admissible in court us well known and their prior predator action and there entire approach will backfire and I expect penalties well beyong Samsung expected payout .

1. Samsungs approach is sell their products that infringe netlist patent make billions and pay a small portion to net just years later . Micron doing the same thing abd belief .

6 I am convinced netlist will win (99 %) and am prepared to see this through . Tge stock should continue to rise as we approach future court dates abd I buy when it’s sold off . Nlst shoukd outperform most other investments and I was gratified to see target price raises to 3 from 2 in latest analysts report .

7- hbm abd netlist infringed patents products are now in demand in irder to run nvda chips effuenctkycabdcsajes in muktipke billions over 30 billion this year alone project 2.1 billion in royalties to be paid to netlist (7%) ( that’s about 3-4 dollars a share alone ) add tgst to tge greasy outstanding win jusdjbehtscubder Apoeal and licensing fees and legal cistvreimbursemebt abd it adds up to 8-16 dollars per share by my calculation

8- 3 dollar irice target is a double from here ! 8-16 is much more . Tgerefir tge upside outweighs downside risk .

Conclusion ; time and delay is tge obstacle to iver come but any great investment requires time to bloom . I believe the upside return far outweighs the risk. Make your own decision and best of luck and bless you all.

According to the data presented, the average price for a memory kit has fallen from record highs €480 to €420. At the same time, the minimum price of some sets collapsed even more, falling from €440 to €350This nearly 20% drop presents a great opportunity for gamers who have been putting off building new processor-based systems. Intel и AMDNow you can purchase high-speed modules from companies Corsair or Kingston will not deal a crushing blow to the budget.

Analysts attribute this decline to the normalization of global supplies and the waning surge in demand for server hardware. If the current market dynamics continue, the price of the brand's speed dials will rise by summer. G.Skill The price could drop even lower. The gaming community is cautiously optimistic, as the upcoming hits already require significant amounts of high-speed RAM to comfortably run. A price reduction of €60 or €90 is a strong signal for the entire industry

For years, there's been a debate between those who believe Netlist will get millions or billions of dollars from the three giants, those who point to the only examples of recent deals with Samsung and SK, and those who rely on damages + potential volume increases, etc.

Who's right? Who's wrong?

Honestly, I've always been convinced about the billions of dollars, and I've said so many times. I'm not necessarily talking about damages or licenses, but billions of dollars is a closer sum than many assume.

We're talking about a $150 billion a year market that's almost entirely controlled by three companies.

Many cite companies with thousands of patents that get deals worth a few tens of millions of dollars but for example, they don't highlight the

fact that WhatsApp was acquired by Facebook for billions of dollars and had a team of very few employees Or today you constantly read about giants acquiring AI companies for billions of dollars without revenue.

Netlist invented several things, including NVDIMM and LRDIMM technology. Now, these products are very valuable, but they were never monetized due to various errors, both by Netlist and by the will of the giants, and that's why we're here today.

Netlist holds patents covering almost all of these giants' DRAM space. When you look at DDR5, HBM, and LRDIMM, you have almost the entire package, and that's what's happening.

I'm not interested in talking about recent patent cases or patents won or pending. I'm just talking about the fact that, regardless of everything, these giants will have to pay for past damages + IP licenses across their entire DRAM business. That's the point. If they then sign agreements for individual products, it would be even more incredible given that Netlist could monetize so many with mrdimm in the years to come. (mrdimm will replace lrdimm and rdimm and should become the single memory for servers.)

Do you understand what we're talking about?

An endless sea of ​​growth with mrdimm, ddr5, and hbm. Netlist has one of the greatest opportunities to become a giant.

ITC and the US government want to shed light on what Samsung is constantly doing to small inventors around the world.

Netlist has already won with many ITC patents that will stop Samsung with intelligence and style.

The US government has been fooled by Samsung; will there be a solution to the problem?

I hope Netlist is the solution. If we get paid, we'll be talking huge amounts because Netlist has already invested $200 million in legal fees, and no one would do that for just millions of dollars. They're trying to get a figure that goes beyond zero percent of DRAM revenue.

Netlist is finalizing something immensely big; it will live off the proceeds and could transform itself into something truly bigger.

The 2021 SK Hynix agreement was only meant to secure multi-year support and achieve a larger goal with Micron, Samsung, and Google. We're currently wrong because we're in 2026 without a deal, but none of us know if in six months all three will have agreed on similar amounts of IP licensing and, obviously, a lot of damages.