China’s leading DRAM maker expects first-half revenue to surge as AI-driven demand tightens global memory supply and pushes chip prices higher.
Changxin Memory Technologies (CXMT), China’s leading domestic memory chipmaker, expects strong financial performance in the first half of the year as global demand for memory chips continues to rise. In its updated prospectus, the company projected revenue between 110 billion yuan and 120 billion yuan (around $17.6 billion), reflecting improved market conditions across the semiconductor industry.
The positive outlook is largely driven by the rapid expansion of artificial intelligence (AI) infrastructure worldwide. Growing investments in AI servers, cloud platforms, and high-performance data centers are increasing demand for dynamic random-access memory (DRAM), which enables faster data processing and efficient communication between processors and storage systems.
CXMT said global DRAM demand has exceeded supply as computing workloads continue to expand while major chipmakers adjust production levels. Since the second half of 2025, tighter supply conditions have pushed memory chip prices significantly higher, creating what analysts describe as a new memory supercycle. The company added that revenue growth has also been supported by expanded manufacturing capacity, higher shipment volumes, and improvements in its product portfolio.
The broader semiconductor sector has benefited from the same market momentum. Strong demand for memory technologies recently helped Samsung Electronics surpass a $1 trillion market valuation, highlighting growing investor confidence in AI-related semiconductor businesses.
CXMT’s planned initial public offering is being closely watched by global investors and industry observers as a key indicator of China’s progress in advanced DRAM manufacturing, an increasingly strategic segment in the AI era.
The Hefei-based company expects net profit attributable to shareholders to reach up to 57 billion yuan in the first half. Earlier results showed first-quarter revenue surged more than 700% year-on-year to 50.8 billion yuan, while net profit rebounded to 25 billion yuan compared with a net loss of 1.6 billion yuan a year earlier.
