ChainCatcher report, according to Reuters citing sources, CXMT is preparing to enter the NAND flash memory chip market, expanding beyond its core DRAM business and competing with Samsung Electronics, SK Hynix, Micron, and YMTC. CXMT plans to establish a NAND flash R&D production line at its new factory in Beijing and set up a research institute in Beijing that includes NAND development projects. The company has already discussed these plans with customers, including a startup aiming to procure chips for AI systems and supercomputers. The timeline for the R&D line to become operational or for large-scale commercial manufacturing remains unclear. The global memory shortage, driven by demand for AI servers, is expected to last at least until 2027. Manufacturers are prioritizing spending on DRAM and HBM, limiting increases in NAND capacity. CXMT raised RMB 57.92 billion in its July IPO. YMTC was added to the Entity List in 2022.
CXMT to Enter NAND Flash Market, Competing with Samsung, SK Hynix, and YMTC
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Summary
CXMT is entering the NAND flash market, competing with Samsung, SK Hynix, and YMTC. The company will establish a NAND R&D production line at its Beijing facility and create a dedicated research institute. Clients, including an AI-focused startup, have been notified. NAND shortages, driven by demand from AI servers, are expected to continue until 2027. CXMT raised 57.92 billion yuan in its July IPO. Investor fear and greed levels remain elevated as altcoins under observation attract attention amid market volatility.
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