Overnight US stocks | Storage concept strengthens in early trading, storage stocks hit new highs again, supply crisis continues to ferment.

Storage concept stocks strengthened in the morning session, as of press time, GigaDevice Semiconductor Inc. (03986) rose 6.64% to 430.2 Hong Kong dollars; Montage Technology (06809) rose 6.8% to 191.5 Hong Kong dollars. In addition, Samsung Electronics (07747) rose 13.64% on double the long position, and Micron (07709) rose 7.57% on double the long position. On the news front, most storage concept stocks in the US rose overnight, with Micron Technology rising 4.5% to 461.69 US dollars, setting a new historical record with a year-to-date gain of 61.33%. On Tuesday (March 17th) local time, SK Group Chairman Choi Tae-won stated at the NVIDIA GTC conference in San Jose, California that due to systemic bottlenecks in chip production, he expects the global memory chip shortage to likely continue until 2030. According to reports, the Samsung Electronics Union in South Korea will vote on Wednesday on the company's largest-ever strike plan, which if approved, will interrupt chip production in May.