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Markets/Companies/CXMT

CX

CXMT688825.SS

Semiconductors & chip supply chain

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China's homegrown DRAM maker, turning out the memory chips servers pair with their GPUs — the domestic challenger to Samsung, SK Hynix and Micron's hold on memory.

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CXMT · Companies · The Inference

Market snapshot

Shanghai: 688825.SS

39.98CNY▼ 2.42%−0.99 today

End-of-day price from the Nov 13 session. This listing is priced once a day, after its exchange closes.

Session of Nov 13 · previous close 40.97

Forward P/E, average volume, beta and the earnings date are not collected yet

Market cap: CNY 2.71T
P/E ratio: 17.69
Forward P/E: —
Dividend yield: —
Volume: 246.7M
Avg volume: —
Beta: —
Earnings date: —
Day range: 39.88–41.65
52-week range: 38.11–61.80

Chips
Intel's CEO says memory prices rose 'six, seven times' as Micron books an 87% margin
The cost shock behind Intel's fourth-quarter warning now has a number from its own chief executive, and an 87% margin at Micron on the other side of the table. The squeeze has a dated end in Chinese fabs, and that timing is what the stock trades on.
November 14, 2026three-minute read
Policy & Labor
Sen. Tom Cotton asks Commerce to blacklist CXMT, which could cost Apple a memory supplier
The Arkansas Republican's Entity List letter seeks the first rule that would actually stop U.S. firms from buying ChangXin's memory, something the administration has lacked since it objected in August. If it lands, Apple and European data centers lose their cheapest DRAM, and Micron, Samsung and SK Hynix keep the field.
November 12, 2026three-minute read
Chips
Halve DRAM prices and CXMT would still earn a 79% margin; Charles Kau says ten fabs could flood DRAM by 2028
Charles Kau's two-year flood warning lands on CXMT's own July-September report: an 89.53% gross margin that, on the quarter's cost base, would still leave 79% after a halving of prices. Micron, Samsung and SK hynix holders own the other side of that arithmetic.
November 11, 2026three-minute read

Applications
Apple added $33 billion of component commitments and guided December margin down to 45% to 46% on memory
Apple added $33 billion to component commitments in one quarter and still guided margins lower: the AI memory squeeze is being split between customers, Apple's own margin and the memory suppliers, and January's report decides who carries the rest.
November 6, 2026three-minute read
Chips
Sam Altman visited Samsung days after its record $80.5 billion quarter; its phone business lost money
Sam Altman spent Saturday with about 50 Samsung executives in Yongin, days after Samsung posted KRW 107.4 trillion in quarterly operating profit, the first above KRW 100 trillion in tech history. The stock still trades 36% below its high: the fight is over whether memory is a franchise or one more commodity cycle.
October 31, 2026three-minute read
Chips
Besi's chief says ASML is a collaborator in bonding, not the rival investors priced
A SemiAnalysis report that ASML is building a hybrid-bonding tool cut 13% off Besi in the week to October 16. A week later Besi's chief executive called ASML a collaborator while booking record orders, and the chipmakers proving the technique are Chinese fabs that cannot buy ASML's lithography at all.
October 29, 2026four-minute read

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