CXMT's First-Half Revenue Jumps 10-Fold As AI Memory Demand Surges
· Business · Bloomberg, Economic Times
CXMT Corp., China's largest memory chipmaker, posted a roughly 10-fold jump in first-half revenue alongside a sharp profit surge, driven by soaring demand for AI-related memory hardware. The performance has made CXMT the most valuable listed company in China, Bloomberg reported. CXMT is one of the key domestic challengers to South Korean leaders Samsung Electronics and SK Hynix in the DRAM market, a segment now central to the buildout of AI data centres. The company has been expanding production capacity for high-bandwidth memory and DDR5 chips, both critical for training and running large AI models.
Why it matters
CXMT's rapid rise reshapes the global DRAM market and gives China a credible domestic alternative to Samsung and SK Hynix, a development Indian tech firms and data-centre operators will track as they plan memory sourcing and AI infrastructure costs.
Read the original report — Bloomberg
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