China's CXMT Aims for 30% Global DRAM Market Share by 2030
ChangXin Memory Technologies (CXMT) plans to build a sixth DRAM fab in China, potentially doubling its production capacity. The company aims to capture 30% of the global DRAM market by 2030, according to investment banker Dan Niles. China's DRAM market growth is expected to continue, driven by increasing demand for memory output.
Key points
- ChangXin Memory Technologies (CXMT) plans to build a sixth DRAM fab in China, following its $8.6 billion IPO in July.
- The new fab is expected to more than double CXMT's production capacity in the mid-term future, according to Reuters.
- Investment banker Dan Niles predicts China could capture 30% of the global DRAM market by 2030, as reported by P Equity Research.
- CXMT's expansion plans are bottlenecked by access to advanced chipmaking tools, which may delay the project's timeline.
ChangXin Memory Technologies (CXMT), a Chinese memory chip manufacturer, has announced plans to build a sixth DRAM fab in China. The move is part of the company's strategy to boost its memory output in the coming years. Following its massive $8.6 billion initial public offering (IPO) in July, CXMT is now considering expanding its production capacity.
The new fab is expected to more than double CXMT's production capacity in the mid-term future, according to Reuters. However, the company's expansion plans are bottlenecked by access to advanced chipmaking tools, which may delay the project's timeline.
Investment banker Dan Niles predicts China could capture 30% of the global DRAM market by 2030, as reported by P Equity Research. China's DRAM market growth is expected to continue, driven by increasing demand for memory output. As the global demand for memory chips continues to rise, CXMT's plans to expand its production capacity may be seen as a strategic move to capitalize on this trend.
Sources
The WireByte editorial team synthesises technology news from multiple primary sources, verifies the facts, and links every source. Articles are produced with AI assistance and reviewed under our editorial policy.