CXMT Corp’s Sales Jump 10-Fold Amid AI Demand
Revenue reached 150.3 billion yuan and profit turned positive as AI-related memory demand and higher output lifted results, the company said.
5 Articles
5 Articles
Changxin Memory Technology (CXMT), the largest D (D) RAM company in China, achieved significant performance improvements in the second quarter of this year, showing a nearly 10-fold increase in sales in the first half of the year compared to the previous year. China's memory semiconductor independence as a result of rising prices due to a surge in demand for artificial intelligence (AI) -based memory
CXMT Corp’s sales jump 10-fold amid AI demand
CXMT Corp’s (長鑫存儲) first-half revenue leaped almost 10-fold while profit surged, reflecting a rush for artificial intelligence (AI) hardware that has made the memorychip maker China’s most valuable business.The Hefei-based company’s revenue expanded to 150.3 billion yuan (US$22.4 billion) in the fir
Chinese DRAM manufacturer CXMT recorded sales of 150.3 billion yuan in the first half of this year, growing approximately tenfold compared to the previous year. The main reason for this growth was the rise in general-purpose DRAM prices due to memory shortages caused by demand for AI semiconductors; as a result, the company succeeded in turning a net profit into a surplus and rapidly emerged as the number one company in China by market capitaliz…
[Digital Daily Reporter Kim Moon-ki] Driven by a global DRAM supply shortage and a surge in demand for artificial intelligence (AI), Chinese memory semiconductor company Changxin Memory (CXMT) recorded revenue of 150.3 billion yuan (approximately 28.557 trillion won) in the first half of 2026—a tenfold increase compared to the same period last year—overtaking Tencent to become the company with the highest market capitalization in China. On the …
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