{
  "id": 17227858,
  "title": "CXMT reports Q3 revenue of ~$16.7B, up 613.2% YoY, and a net profit of ~$8.17B, swinging to profitability on the back of rising AI-driven memory chip prices (Reuters)",
  "url": "https://urgent.news/2026/10/30/cxmt-reports-q3-revenue-of-16-7b-up-613-2-yoy-and-a-net-profit-of-8",
  "topic": "ai",
  "section": "AI",
  "published": "2026-10-30T12:20:02.000Z",
  "source": {
    "name": "Techmeme",
    "slug": "techmeme",
    "url": "https://www.reuters.com/world/asia-pacific/cxmt-turns-third-quarter-net-profit-544-billion-yuan-2026-10-30/"
  },
  "original_language": "en",
  "account": null,
  "summary": "China's CXMT (688825.SS) said on Friday it swung to a net profit in the third quarter as surging AI-driven demand drove prices higher for its memory chips.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}