CXMT SWINGS TO A NEARLY $20B NINE-MONTH PROFIT AS AI DEMAND DRIVES UP DRAM PRICES

Summary from the TLDR Hardware newsletter

CXMT expects nine-month net profit of 131 to 132.5 billion yuan ($19.6 to $19.8 billion), versus a 5.3 billion yuan loss a year earlier, on revenue of 265 to 270 billion yuan, up from 32.1 billion. It credits AI-driven DRAM shortages, expanded capacity, and more output per wafer. Its claim of fifth-generation DRAM in mass production hasn't been independently verified, and memory booms typically fund new capacity that eventually pulls prices back down.