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Chinese memory maker CXMT's output has grown from 40,000 to 720,000 wafers in a few years, and it's closing in on Micron

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The big picture: Traditional DRAM and memory manufacturers have been forced to allocate nearly all of their production capacity toward supporting massive AI data center projects. Every other device requiring memory chips is now a secondary priority, but China-based companies could soon turn these unprecedented market conditions upside down.

According to a new report from Citrini Research, ChangXin Memory Technologies (CXMT) is growing much faster than expected. The Chinese memory and IDM manufacturer is expected to produce between 350,000 and 375,000 DRAM wafers per month by the end of 2026. In 2020, CXMT had a capacity of 40,000 WPM for DDR4 production. By the end of 2025, the company had reached a quarterly output of 720,000 wafers.

The new research highlightsthe growing presence of Chinese DRAM manufacturers amid ongoing semiconductor supply chain...

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