@Fenng: Changxin Technology is hyping that they've made a breakthrough in pricing for 4F² DRAM, causing stock prices of foreign…

X AI KOLs Following News

Summary

长鑫存储(CXMT)宣称在4F² DRAM定价上取得突破,引发三星、美光等海外存储厂商股价下跌,但长鑫自身股价近期反而走低,引发市场质疑。

Changxin Technology is hyping that they've made a breakthrough in pricing for 4F² DRAM, causing stock prices of foreign companies like Samsung and Micron to drop upon hearing the news, so why is Changxin dropping recently?
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@falali2015: https://x.com/falali2015/status/2086046148989755544

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The article analyzes the progress of China's memory industry in next-generation architectures such as 4F² DRAM and Xtacking, arguing that CXMT and YMTC have transformed from followers into active participants in new architectures, but still lag behind Korean manufacturers in HBM, advanced packaging, and high-end customer certification.

@LinQingV: Overview of the Equipment Supply Chain for CXMT's Expansion: CXMT now has three 12-inch fabs: two in Hefei and one in Beijing. Fab 1 in Hefei has monthly capacity of 110k wafers, Fab 2 80k, and Beijing Fab 70k, totaling nearly 300k wafers, all fully loaded. Capacity tripled in two years; around 100k in early 2024, surging to 280-300k by end of 2025, with target in 2026…

X AI KOLs Timeline

CXMT is aggressively expanding capacity. Its three 12-inch fabs now have a combined monthly capacity of nearly 300,000 wafers, accounting for close to 15% of global DRAM output. However, the localization rate of equipment is only about 45%, with heavy reliance on overseas suppliers in lithography, metrology and other areas, facing export control pressures such as the US MATCH Act.