Chinese memory chipmaker CXMT reports H1 revenue of ~$22.4B, more than double its 2025 sales, and ~$11.5B in profit, compared to a loss a year earlier (Bloomberg)

CXMT Corp. posted first-half revenue of roughly $22.4 billion, more than double its projected 2025 sales, and generated about $11.5 billion in profit, a turnaround from a loss in the same period a year earlier. The surge reflects a rapid increase in demand for AI-focused hardware, making CXMT China’s most valuable memory-chip business.