Chinese semiconductor firms CXMT and YMTC are flooding the global memory chip market with domestically produced DRAM and NAND chips, driving down prices and breaking the long-standing monopoly of Samsung, SK Hynix and Micron.
CXMT’s chips are now being used in a Corsair Vengeance DDR5 memory module for the first time, with Corsair turning to China due to shortages and cost, as the big three prioritize data center contracts over consumer-grade supply.
CXMT’s first-quarter revenue surged to 50.8 billion yuan ($7.4 billion), up 719% year over year and net profit hit 33.0 billion yuan ($4.41 billion), reversing a prior loss, with the company preparing for a multi-billion-dollar IPO on the Shanghai Stock Exchange.
YMTC, despite being on a U.S. trade blacklist, has expanded domestic equipment use and is adding capacity, with two factories producing 200,000 wafers per month and a third factory set to begin operations in Wuhan later this year.
The timing is critical as industry giants cannot meet demand quickly and CXMT’s entry threatens to collapse the supply tightness that has driven memory price rallies, with European markets already open and trade routes ignoring U.S. restrictions.
The global memory chip market is undergoing a seismic shift as Chinese semiconductor firms begin flooding the market with domestically produced DRAM and NAND chips, a move that analysts say will drive down memory and storage prices and offer consumers some much-needed relief from months of soaring costs.
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