Chinese Chipmaker CXMT Reports Tenfold Revenue Surge Amid AI Memory Boom
Chinese semiconductor firm CXMT announced a tenfold increase in first-half revenue, driven by surging global demand for artificial intelligence memory chips. The financial results mark the company’s successful transition to public markets and signal intensifying competition in the global memory chip sector.
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Chinese Chipmaker CXMT’s Sales Jump 10-Fold As AI Demand Soars
CXMT Corp.’s first-half revenue leapt almost 10-fold while profit surged, reflecting a rush for AI hardware that’s made the memory chipmaker China’s most valuable business.
By Bloomberg News
Read full article →China’s CXMT posts massive 870% revenue surge as ‘aggressive expansion’ pays off
Chinese chipmaker ChangXin Memory Technologies (CXMT) reported a sharp surge in first-half revenue on Friday, as the firm released its first financial results since becoming China’s most valuable publicly traded company in a blockbuster Shanghai listing last month. The Hefei-based firm – China’s leading maker of dynamic random-access memory (DRAM) products – posted revenue of 150.31 billion yuan (US$22.4 billion) for the six months to June, up 873.64 per cent year on year, according to a fili...
By Howard Liu
Read full article →Micron’s Chinese rival just reported its first earnings as a public company — and sales are booming
CXMT, the Chinese memory-chip producer, on Friday reported its first financials as a public company that showed that how much it is benefiting from surge in artificial-intelligence services lifting prices.
By Steve Goldstein
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