Chinese chipmaker CXMT reported third-quarter results showing revenue rose sevenfold from a year earlier, though the pace of growth slowed. According to Bloomberg, the deceleration suggests that the AI-driven rally in China’s memory chip prices may be losing momentum. The company has been expanding production capacity while working to strengthen its position as a global supplier of conventional dynamic random-access memory, or DRAM. After that push, CXMT has also moved back into profitability from a loss position. The update points to a shift in the earnings trajectory: revenue is still rising sharply on a yearly basis, but the rate of increase is no longer as strong as before. The report did not provide additional figures beyond the year-on-year revenue growth and the note that the company returned to profit.
Chinese chipmaker CXMT reported third-quarter results showing revenue increased sevenfold from a year earlier, although growth slowed from the earlier pace.
According to Bloomberg, that suggests the AI-driven rise in China’s memory chip prices may be starting to weaken. CXMT has been expanding capacity and trying to raise its standing as a global supplier of conventional dynamic random-access memory, or DRAM. Following that push, the company has moved from a loss to a profit.
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