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China’s CXMT Is Set to Challenge DRAM Incumbents

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CXMT IPO, SKHynix, Micron, Samsung Competition, Process Node Deficit, China HBM, Wafer Adds, Memory LTAs

China’s CXMT Is Set to Challenge DRAM Incumbents CXMT IPO, SK Hynix, Micron, Samsung Competition, Process Node Deficit, China HBM, Wafer Adds, Memory LTAs Ray Wang , Myron Xie , Dylan Patel , and 3 others Jun 23, 2026 ∙ Paid 67 10 Share We were the first to describe the memory shortage coming from AI’s insatiable usage in reasoning and agentic flows in late 2024 on the newsletter. We have since previously published multiple in-depth pieces on memory, as well as detailed coverage of CXMT and China’s compute. With CXMT set to IPO in the coming months, we believe a dedicated deep dive on them spe

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