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Chinese memory firms are capitalizing on a tight global DRAM market driven by AI and data-center demand. CXMT (ChangXin) posted a dramatic Q1 2026 surge—revenues up 719% YoY to RMB 50.8 billion and net profit of RMB 33.0 billion—citing supply shortages, higher prices, and expanded output; it forecast continued massive growth for H1. Meanwhile YMTC (Yangtze Memory) plans to start DRAM production in Wuhan by late 2026 and is preparing a large IPO in Shanghai or Hong Kong with a multibillion-dollar valuation target. Analysts warn that capacity expansion could temper prices later, but the current cycle may extend through 2028.
China's memory makers are reshaping the global DRAM and NAND supply landscape, affecting pricing, sourcing, and supplier choice for data center and AI hardware. Tech professionals must monitor supplier diversification, capacity risk, and timeline for new entrants when planning procurement and system roadmaps.
Dossier last updated: 2026-05-19 11:29:50
中国领先的闪存芯片制造商YMTC已开始与投资银行进行IPO前辅导
Bloomberg : Chinese flash memory chipmaker YMTC says it officially initiated a pre-listing tutoring process with local brokers, marking the first formal step toward an IPO — Yangtze Memory Technologies Co. has begun the process for a long-awaited initial public offering, tapping red-hot demand …
Cheng Ting-Fang / Nikkei Asia : Chinese chipmaker CXMT reports Q1 revenue up 719% YoY to ~$7.5B, net profit up 1,688% to $3.6B, and says Omdia ranks it No. 4 in DRAM with a 7.67% global share — TAIPEI — China's top memory chipmaker ChangXin Memory Technologies (CXMT) said net profit skyrocketed over 1,688% …
China's DRAM maker CXMT (ChangXin Memory Technologies) reported a blockbuster Q1 2026: revenue surged 719.13% year-over-year to RMB 50.8 billion and net profit reached RMB 33.011 billion, with owner-attributable net profit of RMB 24.762 billion. The company attributes the jump to global DRAM supply shortages and rising prices since mid-2025, along with expanding production scale and optimized product mix. CXMT forecast H1 2026 revenue of RMB 110–120 billion (up ~612–677%) and net profit of RMB 66–75 billion, with owner-attributable profit projected at RMB 50–57 billion. The results underscore tight global memory markets and bolster CXMT’s positioning ahead of its STAR Market IPO filing.
中国长江存储计划在 AI 存储热潮中推进大型 IPO 中国头部 NAND 闪存制造商长江存储（YMTC）已获得北京方面批准，计划在其新的武汉工厂于 2026 年底前开始生产 DRAM。 该公司正考虑在上海或香港上市，估值目标约为 236 亿至 442 亿美元。当前 AI 需求正在推动存储芯片供应短缺，这也为其上市创造了有利窗口。 交易员们正在讨论：中国存储产能扩张带来的上行空间，是否足以抵消未来可能出现的供应过剩风险。与此同时，由于美国限制措施，长江存储相较于美光等西方竞争对手仍处于落后位置。 不过，分析师认为，这一轮存储景气周期可能会持续到 2028 年。