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China chipmaker CXMT logs 1,688% profit surge amid global memory crunch

SemiconductorsDRAM maker plans to list on STAR Market in win for Beijing's chip localization pushChina's CXMT has benefited from a global crunch in memory chips, which has sent prices skyrocketing. © ReutersTAIPEI -- China's top memory chipmaker ChangXin Memory Technologies (CXMT) said net profit skyrocketed over 1,688% in the January-March period from the same quarter the year before as revenue surged more than 719%, fueled by the global artificial intelligence boom....

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