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Chinese memory chip manufacturers ChangXin Memory Technologies (CXMT) and Yangtze Memory Technologies Corp (YMTC) are rapidly expanding their influence in the global memory chip market. This growth is driven by the surging demand for memory chips, particularly from the artificial intelligence (AI) sector, which has transformed memory chips from a low-margin commodity into a highly sought-after product. CXMT has reportedly become the world’s fourth-largest maker of DRAM memory, while YMTC has broken into the top three global NAND flash memory suppliers by volume in the second quarter of 2026, capturing 14% of global NAND bit shipments.

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China’s CXMT Launches Major Shanghai IPO

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