CXMT Reaches 77.6B Yuan H1 Profit as AI Demand Rebounds China’s DRAM Leader
Changxin Memory Technology (CXMT), a leading Chinese semiconductor memory producer, announced a net profit of 77.6 billion yuan ($1.8 trillion) for the first half of 2026, a significant turnaround from a 2.3 billion yuan loss in the same…
AsiaAI Publisher
·
August 29, 2026 ·
2 min read · Source: nikkei_jp
Semiconductors & Hardware
Changxin Memory Technology (CXMT), a leading Chinese semiconductor memory producer, announced a net profit of 77.6 billion yuan ($1.8 trillion) for the first half of 2026, a significant turnaround from a 2.3 billion yuan loss in the same period last year. Sales revenue soared to 150.3 billion yuan, nearly ten times higher than the previous year, driven by surging AI demand and a semiconductor supply shortage that pushed up selling prices. The company also significantly increased its R&D staff and budget, exceeding its own financial forecasts.
CXMT is a key player in China’s push for semiconductor self-sufficiency, particularly in DRAM memory, an area where the country has historically lagged behind global leaders. The company’s recent IPO on the Shanghai Stock Exchange’s STAR Market was a significant event, highlighting its importance to China’s tech ambitions.
