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China's CXMT expects revenue to surge as memory chip demand soars
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China's CXMT expects revenue to surge as memory chip demand soars

Home/India Tech/China's CXMT expects revenue to surge as memory chip demand soars

China's top memory chipmaker, CXMT, anticipates first-half revenue around $17.62 billion, driven by a global memory supercycle fueled by AI demand. The company expects net profit up to 57 billion yuan, showcasing significant growth with first-quarter revenue soaring over 700% year-on-year.

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