CXMT Corp Enters NAND Flash Memory Market, Poses Long-Term Threat to Micron and SanDisk
Chinese chipmaker CXMT Corp is reportedly preparing to enter the NAND flash memory market after capturing nearly 10% of global DRAM revenue. This move could eventually challenge established players like Micron Technology (NASDAQ:MU) and SanDisk Corporation (NASDAQ:SNDK), particularly as demand for AI-related memory grows. CXMT plans to establish a NAND research and development line at its new Beijing plant, with discussions already underway with potential customers including an AI startup. However, it remains unclear when the facility will begin operations or whether CXMT intends to scale up beyond R&D into commercial production. The company has rapidly gained traction in DRAM markets, increasing its global revenue share from 7.6% to 9.5% within a quarter and seeing an impressive stock performance following its IPO.
Topics: AI demand China's chip industry NAND flash memory semiconductors