China's CXMT Swings to a Nearly $20B Profit as Memory Prices Soar
AI demand has driven DRAM shortages and sharp price increases, while CXMT said it added capacity and improved factory efficiency.
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8 Articles
China's Changxin Memory (CXMT) has forecast a surge in revenue and net profit for the third quarter. According to reports from the STAR Market Daily and First Financial Daily on the 17th (local time), CXMT stated the previous day that it estimates third-quarter revenue will reach 114.7 billion to 119.7 billion yuan (approximately 22.9 trillion to 23.9 trillion won), an increase of 589% to 619% year-on-year. This represents a 15% to 20% increase …
(Shanghai=Yonhap News) Correspondent Cha Byeong-seop = China's Changxin Memory (CXMT), which is challenging the DRAM memory market led by Samsung Electronics and SK Hynix, is [emerging] from the artificial intelligence (AI) boom...
China's CXMT swings to a nearly $20B profit as memory prices soar
Chinese memory chipmaker CXMT expects a net profit of 131B to 132.5B yuan ($19.6B to $19.8B) for January to September, compared with a 5.3B yuan loss a year earlier. Revenue jumped to 265B to 270B yuan as AI demand caused memory shortages. Its chairman also proposed a share buyback of up to 2B yuan. Chinese […] This story continues at The Next Web
Cumulative net profit nears 26 trillion won… Turns to surplus
China’s Changxin Memory (CXMT) forecasts a surge in revenue and net profit in the third quarter amid benefits from the artificial intelligence (AI) cycle.
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