CXMT Expects Nine-Month Revenue to Jump More Than Eightfold
The Chinese memory-chip maker expects revenue of 265 billion to 270 billion yuan for the first nine months, as it benefits from an AI-fueled memory squeeze.
By Sherry QinChinese memory-chip maker CXMT guided for a more than eightfold jump in nine-month revenue as it continued to cash in on the AI-fueled memory crunch.CXMT expects revenue of between 265 billion yuan and 270 billion yuan, equivalent to $39.61 billion to $40.36 billion, for the first nine…