CXMT Expects 120 Billion Yuan Revenue in First Half
Changxin Memory Technologies expects its first-half revenue to reach up to 120 billion yuan as global DRAM prices rise amid an artificial intelligence-driven computing boom. The Hefei-based chipmaker reported a first-quarter net profit of 25 billion yuan following a significant expansion in output.
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Changxin Memory Technologies (CXMT) expects first-half revenue to reach 110 billion yuan to 120 billion yuan ($17.62 billion) as memory chip prices surge. The forecast, appearing in a renewed prospectus released Sunday, highlights the impact of an artificial intelligence-driven supercycle on the semiconductor industry. Investors view the performance as a critical indicator of domestic progress in high-speed data transmission technology.
