CXMT, China’s top DRAM chipmaker, is set to release its first post-IPO earnings report on August 29. Its shares have surged over 580% from the IPO price, briefly pushing market capitalization above $488 billion. Q1 2026 revenue was 50.8 billion yuan, up 719% year-over-year, with net profit jumping 1,268%. The company faces challenges from export controls and competition with Samsung, SK Hynix, and Micron.
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