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المشهد العربي
CXMT China Gains from AI Growth
Chinese company CXMT, the largest producer of DRAM memory chips, announced record financial results for the first half of 2026, driven by increasing demand for artificial intelligence-related memory products. Its revenues soared by 873.64% compared to the same period last year, reaching 150.31 billion yuan (approximately $22.4 billion), with a net profit of 77.61 billion yuan after previous losses. This growth is attributed to a strong revival in the artificial intelligence sector and global supply shortages, which led to rising prices during the first half of the year.
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