CXMT begins producing advanced LPDDR5X memory chips as China narrows tech gap

Core Insights - ChangXin Memory Technologies (CXMT) has commenced mass production of LPDDR5X DRAM products, indicating advancements in China's semiconductor capabilities [1][3] - The LPDDR5X series offers improved data transfer rates and lower power consumption compared to the previous LPDDR5 lineup [4] - CXMT aims to enhance its presence in the global advanced memory chip market, traditionally dominated by companies like Samsung, SK Hynix, and Micron Technology [3][5] Company Developments - CXMT is preparing for an initial public offering (IPO) in Shanghai, targeting a valuation of up to 300 billion yuan (approximately US$41 billion) by the first quarter of 2026 [7] - The company has begun mass production of LPDDR5X chips with speeds of 8,533 Mbps, 9,600 Mbps, and 10,667 Mbps, with the first two models already in production since May [3][4] Industry Context - The global DRAM industry saw a revenue increase of 17.1% quarter on quarter, reaching US$31.63 billion in the second quarter, driven by higher contract prices and increased shipments of high-bandwidth memory [6] - The demand for high-end memory chips is surging due to the growing requirements of artificial intelligence systems [2][5]