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)
CXMT swung sharply into the black as AI-driven memory demand lifted sales and DRAM pricing.
The company reported first-half revenue of about $22.4 billion and profit of about $11.5 billion. That compares with a loss a year earlier, with revenue up nearly tenfold year over year. Techmeme’s note says the results made CXMT China’s most valuable business. Techmeme's note
The company reported first-half revenue of about $22.4 billion and profit of about $11.5 billion. That compares with a loss a year earlier, with revenue up nearly tenfold year over year. Techmeme’s note says the results made CXMT China’s most valuable business. Techmeme's note
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