Veytics Intelligence
2026-10-11 · CNBC

This Chinese memory chip maker has global potential and is poised to outperform

China's memory chip maker CXMT has potential not just in its home market, but abroad as well, analysts said. Rising memory prices and tightening industry supply globally give CXMT expansion opportunities overseas, CLSA analysts said in a report Thursday initiating coverage of the Shanghai-listed stock with an outperform rating. They said CXMT's global market share by bit shipment could reach 14% next year, up from just 9% last year and 12% in 2026. "While still trailing the top three global suppliers, CXMT's rapid growth underscores its accelerating market penetration and growing industry relevance.

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