China's CXMT reports 873% revenue growth in H1 2026 amid aggressive DRAM expansion

ChangXin Memory Technologies (CXMT) reported 150.31 billion yuan in H1 revenue, marking an 873% year-on-year increase following its recent Shanghai listing. The surge underscores the effectiveness of China's state-backed efforts to achieve domestic DRAM self-sufficiency despite ongoing international export controls on advanced semiconductor equipment.