China’s CXMT expects revenue to surge as memory chip demand soars

Changxin Memory Technologies, China’s top ​memory chipmaker, said on Sunday it expects first-half revenue ‌to reach 110 billion yuan to 120 billion yuan ($17.62 billion), according to a renewed prospectus, as surging memory chip prices boost its business ​outlook.

Memory chip prices have risen globally as an artificial ​intelligence-driven boom in computing chips fuels a memory ⁠supercycle. The rally helped push Samsung Electronics’ market capitalization above $1 trillion ​in May.

CXMT said global dynamic random-access memory (DRAM) demand exceeded supply as ​computing demand continued to grow and major chipmakers adjusted production. That has driven DRAM prices sharply higher since the second half of 2025. The ​company added that revenue rose quickly as it expanded ​output and sales and improved its product mix.

CXMT’s initial public offering is being ‌closely ⁠watched by foreign investors and industry observers as a gauge of China’s progress in DRAM chips, which have become increasingly important in the AI era because they enable faster data ​transmission between processors ​and memory.

The Hefei-based ⁠company said net profit attributable to shareholders is expected to reach up to 57 billion ​yuan in the first half.
In the first quarter, ​CXMT’s ⁠revenue jumped more than 700% year on year to 50.8 billion yuan. It posted a net profit of 25 billion yuan, compared ⁠with ​a net loss of 1.6 billion ​yuan in the same period a year earlier. Reuters