CXMT's blockbuster debut in Shanghai sets stage for next test against global memory giants
CXMT's blockbuster Shanghai debut has put it in the spotlight, but analysts say closing the technology gap in advanced memory chips, not investor...
Key points
- CXMT's blockbuster Shanghai debut has put it in the spotlight, but analysts say closing the technology gap in advanced memory chips, not investor enthusiasm, will determine whether it can challenge the global market leaders.
- The bigger question now is whether CXMT can narrow its technology gap with Samsung Electronics, SK Hynix and Micron, particularly in high-bandwidth memory, or HBM, a key technology powering the AI boom, where the three companies have established a significant lead.
- While domestic demand should continue to support CXMT's memory chips, Gibson said the company faces a challenge as it does not have access to the latest extreme ultraviolet, or EUV, lithography machines, which are essential for manufacturing advanced chips and are effectively off limits to China under U.S.
- Gibson also said the CXMT is likely to continue gaining global DRAM market share, with most of the growth expected to come from Chinese customers, including Tencent, ByteDance, Alibaba and domestic phone makers.
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CXMT's blockbuster Shanghai debut has put it in the spotlight, but analysts say closing the technology gap in advanced memory chips, not investor enthusiasm, will determine whether it can challenge the global market leaders. The bigger question now is whether CXMT can narrow its technology gap with Samsung Electronics, SK Hynix and Micron, particularly in high-bandwidth memory, or HBM, a key technology powering the AI boom, where the three companies have established a significant lead. While domestic demand should continue to support CXMT's memory chips, Gibson said the company faces a challenge as it does not have access to the latest extreme ultraviolet, or EUV, lithography machines, which are essential for manufacturing advanced chips and are effectively off limits to China under U.S. Gibson also said the CXMT is likely to continue gaining global DRAM market share, with most of the growth expected to come from Chinese customers, including Tencent, ByteDance, Alibaba and domestic phone makers. CXMT currently supplies memory chips to many Chinese smartphone brands and is gradually expanding its presence in China's PC and server markets, said Ellie Wang, analyst at TrendForce. The...