CXMT IPO, Memory and AI-Chip Supply Race

CXMT's post-listing H1 report showed revenue growth of 873.64% and approximately RMB7.76 billion in profit, with reported DRAM share near 10%; reports also point to a flash-memory expansion. Huawei's Ascend roadmap, Longsys' approximately 71,000% first-half profit surge, YMTC's IPO preparation, and Ligent's proposed approximately US$723 million Hong Kong offering extend China's semiconductor funding drive, but equipment dependence, yields, capacity, capital intensity, and memory-cycle risk remain material.