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…
Chinese chipmaker ChangXin Memory Technologies (CXMT) has reported an unprecedented 870% surge in revenue for the first half of the year, reaching 150.31 billion yuan (US$22.4 billion). This impressive growth, well above the company's pre-IPO guidance, can be attributed to the booming demand for memory products in the artificial intelligence sector, tight global DRAM supplies, and rising prices.
CXMT's revenue from DDR-series products, used in personal computers, workstations, and servers, has increased to 46.3% of main business revenue, up from 31.9% in 2025. The company's latest LPDDR6 chip, capable of speeds up to 12,800Mbps, has been sent to key customers for validation, marking a significant milestone in its efforts to accelerate mass production.
UBS estimates Chinese DRAM producers' share of global shipments will rise from 7% in 2025 to 9.4% in 2027, as domestic producers expand capacity faster than their overseas counterparts.
Brief written by urgent.news from SCMP Tech's own syndicated text. Machine-written — may contain errors; check the original before relying on it.
Also reported by 3 other outlets
- China’s CXMT posts massive 870% revenue surge as ‘aggressive expansion’ pays off scmp.com
- Chinese memory chipmaker CXMT reports H1 revenue of ~$22.4B, more than double its 2025 sales, and ~$11.5B in profit, compared to a loss a year earlier (Bloomberg) bloomberg.com
- China's CXMT posts first-half profit after revenue surge economictimes.indiatimes.com
