Mmastodon TechnologyTechnology first seen 2 d ago, last 2 d ago, peak #4
Chinese chipmaker CXMT forecasts dramatic profit swing on AI demand
Original: Chinese memory chip maker CXMT forecasts up to 19.8B USD net income for the first nine months of 2026, a dramatic swing
Chinese memory chip maker CXMT is forecasting net income of up to 19.8 billion US dollars for the first nine months of 2026, a dramatic turnaround from a loss a year earlier. The surge is driven by AI-fuelled demand for memory, and the company is positioning itself as a domestic challenger to Samsung and SK Hynix. It also pledged a share buy-back, a signal of confidence that observers see as marking its arrival among the global memory giants.
Why now: The scale of the forecast turnaround and CXMT's direct challenge to Samsung and SK Hynix makes it a major story in the AI-driven semiconductor race.
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