ChangXin Memory Technologies Inc. (CXMT) more than doubled its revenue to $8 billion in 2025, driven by surging demand for storage chips used in AI and data centers. According to people familiar with the matter, CXMT's revenue rose by 130%, and its a

2026-03-26

ChangXin Memory Technologies Inc. (CXMT) more than doubled its revenue to $8 billion in 2025, driven by surging demand for storage chips used in AI and data centers. According to people familiar with the matter, CXMT's revenue rose by 130%, and its adjusted net income is projected at around 3 billion yuan. The company, pivotal to China’s strategy to reduce reliance on US technology, is Preparing for one of China’s largest IPOs, expected on the STAR board in 2026.

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