CXMT memory chip pressure

Business · Heat 1.0 / 10 · 2 shows · 15m airtime

On October 12, a report said China's CXMT is developing a new generation of memory chip, sending Micron to a three-week low. Coverage has since identified the rival as Shangshin, a Shanghai-based company with a market cap of about $500 billion, and says the design is due before year-end. CXMT described moving from 6F squared to 4F squared to pack more memory into smaller spaces, and took 9.5% of global RAM memory revenue last quarter, up from 7.2% the quarter before. The chip's specs remain unreported, and it is not yet established how directly it would compete with US memory makers.

How 2 podcasts covered it

1. Bloomberg Tech, 2026-10-12 (0:52 to 1:23)
   Reports CXMT chip sending Micron to a low
   Opens the week on the chip space: a report that China's CXMT has a new generation of memory chip sends Micron to a three-week low and puts the Philadelphia Semiconductor Index on track for a fourth straight decline, its longest run since July.
   New angle: A report on CXMT's new memory chip generation sent Micron to a three-week low.
2. Closing Bell, 2026-10-12 (1:01 to 4:26)
   Names the Chinese memory rival and the selloff
   Picks up the memory selloff with a name and a date: the Chinese competitor is Shangshin, Shanghai-based, roughly a $500 billion market cap, public earlier this year, with a design claiming strong inference performance due before year-end. Adds the spillover into optical names and the three-to-six percent drops across Micron, SK Hynix and SanDisk.
   New angle: The Chinese memory rival is Shangshin, Shanghai-based, about a $500 billion market cap, with the design due before year-end.
3. Bloomberg Tech, 2026-10-13 (2:07 to 5:38)
   Breaks down the CXMT memory-packing technique
   Peter Elstrom walks through the drivers of the selloff, centering on CXMT's new memory-packing technique and noting Samsung has not discussed using it until 2028 and that CXMT offered little evidence it can.
   New angle: CXMT described moving from 6F squared to 4F squared to pack more memory into smaller spaces.
4. Closing Bell, 2026-10-13 (7:37 to 14:52)
   Adds CXMT's 9.5% share of RAM revenue
   DA Davidson's Gil Luria argues memory is no longer a commodity and Micron's six-times multiple is a dislocation against AMD and Intel at forty. Adds CXMT's share of global RAM revenue: 9.5% last quarter, up from 7.2%.
   New angle: CXMT took 9.5% of global RAM memory revenue last quarter, up from 7.2% the quarter before.