China Semiconductor Localization and Equipment Access Race

Memory-chip coverage points to a supply boom, including more than CNY54 billion in Q3 profit at an unnamed leading DRAM maker. CXMT reportedly validated 4F² engineering samples and has a 20%–30% HBM3E yield target versus roughly 70% at SK Hynix; commercial prospects remain uncertain. Kunlunxin reportedly held 4% of China’s H1 data-center AI-chip shipments, versus Huawei’s 28%, and may delay its Hong Kong IPO to 2027.