CXMT Forecasts Record Revenue Growth as Global DRAM Prices Surge

Changxin Memory Technologies (CXMT), China’s leading memory chip manufacturer, expects first-half revenue to climb between 110 billion yuan and 120 billion yuan ($17.62 billion), according to its updated IPO prospectus. The strong forecast reflects rising global memory chip prices fueled by booming artificial intelligence demand and growing computing needs.

The global DRAM market has entered a new growth cycle as AI-driven technologies increase the need for faster and more efficient memory solutions. Major semiconductor manufacturers have adjusted production levels, tightening supply and pushing DRAM prices sharply higher since the second half of 2025. This trend has significantly benefited memory chip companies worldwide, including Samsung Electronics, whose market capitalization surpassed $1 trillion in May.

CXMT said the imbalance between global DRAM demand and supply, combined with expanding production capacity and improved product offerings, contributed to its rapid financial growth. The Hefei-based semiconductor company also noted that higher output and stronger sales momentum boosted its overall business performance.

The company expects net profit attributable to shareholders to reach as much as 57 billion yuan during the first half of the year. In the first quarter alone, CXMT reported revenue of 50.8 billion yuan, marking an increase of more than 700% compared with the same period last year. The company also posted a net profit of 25 billion yuan, a major turnaround from the 1.6 billion yuan net loss recorded a year earlier.

CXMT’s upcoming initial public offering is attracting close attention from global investors and semiconductor industry analysts. The IPO is widely viewed as an important indicator of China’s progress in the DRAM chip sector, which has become increasingly critical in the AI era due to its role in enabling faster data processing and communication between processors and memory systems.