Memory Shortage Works Out for Chinese Chipmaker CXMT

ChangXin Memory Technologies Inc. (CXMT), a Chinese maker of dynamic random-access memory (DRAM) chips, swung to profit in the first quarter of 2026, driven by strong demand from AI data centers that has spawned a shortage, sending prices soaring.

The financial turnaround highlights how domestic memory chip companies are leveraging a global AI hardware boom to challenge foreign dominance, with CXMT and Yangtze Memory Technologies Corp. trying to make breakthroughs in the DRAM and NAND flash memory markets long dominated by Samsung Electronics Co. Ltd., SK Hynix Inc. and Micron Technology Inc.