China’s CXMT Is Set to Challenge DRAM Incumbents

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

saved by

• Aryan Naik

related reading

• China's AI Chip Landscape: A Complete Map of Who's Building Whatcrossingriver.substack.com
• CXL in the AI Era: Revolution or Hype? How Tech Giants Are Bettingglobalsemiresearch.substack.com
• Are you a memory_man, Part 2 - by Investing with Martinmartinbradstreet.substack.com
• AI Value Chain Champions & Bottleneckstechinvestments.io
• An Interview with MatX CEO Reiner Pope About LLM Chipschipstrat.com
• Q1 2025 State of Venture Updatealexkolicich.com
• Inside TSMC’s Three Extreme Capacity Plays — and How It Helped Shape Cerebrascwnewsroom.substack.com
• SK hynix and the HBM Revolutionyoutube.com
• The AI Chip Supply Chain — A Primerjoshuamuthu.substack.com
• MatX AI Chip Startup Raises $500M to Challenge Nvidia | 2026entrepreneurloop.com
• Fab Whack-A-Mole: Chinese Companies are Evading U.S. Sanctionssemianalysis.com
• Dylan Patel — Deep dive on the 3 big bottlenecks to scaling AI computedwarkesh.com