China’s Answer to Micron Just Made Nearly $20 Billion
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The post China’s Answer to Micron Just Made Nearly $20 Billion appeared first on 24/7 Wall St..
China’s largest memory chipmaker, ChangXin Memory Technologies (CXMT), told the Shanghai Stock Exchange on October 16, 2026, that it earned between $19.6 billion and $19.8 billion in net profit from January through September 2026. That works out to 131 billion to 132.5 billion yuan. The figures are preliminary and unaudited, so they are the company’s estimates until audited results c
China’s largest memory chipmaker, ChangXin Memory Technologies (CXMT), told the Shanghai Stock Exchange on October 16, 2026, that it earned between $19.6 billion and $19.8 billion in net profit from January through September 2026. That works out to 131 billion to 132.5 billion yuan. The figures are preliminary and unaudited, so they are the company’s estimates until audited results c
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