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CXMT swung to a third-quarter net profit of 54.4 billion yuan as AI memory demand lifted chip prices, with sales up sevenfold even as growth slowed.
A swing to profit at China's leading memory maker signals that AI demand is firming memory pricing and improving the economics of domestic chip supply, though slowing growth warrants monitoring.
NewswireSlicast · October 30, 2026 at 11:05 UTC · US · Source: TradingView
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