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China DRAM Maker CXMT Targets $4.2B IPO as It Takes on Samsung, SK Hynix, Micron

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Re: China DRAM Maker CXMT Targets $4.2B IPO as It Takes on Samsung, SK Hynix, Micron

#11

Post by mittensc »

walterbell wrote: post #5

https://www.semiconsam.com/p/why-did-the-memory-chicken-game... | https://s-space.snu.ac.kr/bitstream/10371/95351/1/01%20Jeho%... Chinese memory makers are the product of massive state backing, with tens of billions of dollars in subsidies and the full weight of the Chinese government behind them. Could Samsung win a power struggle against the Chinese government? .. The market that [Samsung, SK Hynix and Micron] crea…

everything leaks eventually.

this wouldn't be such a problem if prices weren't so insane. Samsung would still have volume/know how/efficienciez.

Re: China DRAM Maker CXMT Targets $4.2B IPO as It Takes on Samsung, SK Hynix, Micron

#12

Post by dworks »

Since I'm in China, I took a look at Taobao hoping to find cheaper ddr5 sticks made with CXMT chips. Unfortunately, they are the same price or only marginally cheaper than Hynix sticks (1900 - 2300 rmb for 32g ddr5). Perhaps capacity at CXMT is not very high yet.

Re: China DRAM Maker CXMT Targets $4.2B IPO as It Takes on Samsung, SK Hynix, Micron

#14

Post by icegreentea2 »

TheRealPomax wrote: post #13

Not sure how you're taking on Samsung or Micron when both of them have pulled out of the market...?

Micron pulled out of the consumer market, they're still making DRAM.

There's been no news on Samsung exiting any DRAM market as far as I can tell?

Re: China DRAM Maker CXMT Targets $4.2B IPO as It Takes on Samsung, SK Hynix, Micron

#15

Post by arjie »

TheRealPomax wrote: post #13

Not sure how you're taking on Samsung or Micron when both of them have pulled out of the market...?

Micron hasn't pulled out of the market CXMT is in. They make DRAM chips, same as CXMT. They might also make DIMMs for servers and so on, but CXMT is primarily competing with the DRAM chip stuff.

Re: China DRAM Maker CXMT Targets $4.2B IPO as It Takes on Samsung, SK Hynix, Micron

#16

Post by nerdsniper »

eek2121 wrote: post #4
amluto wrote: post #2

I wish them luck. The other major DRAM makers use ASML machines, and I’m curious how competitive CXMT will manage to be without them.

No DRAM manufacturer I know of uses ASML. DRAM is several years behind on lithography due to complexity/differences. Outside of that, I hope China can manage to obtain a foothold in silicon, the world, especially NVIDIA, Micron, Hynix, etc. definitely needs a wake up call. The AI world was spooked when China released an MIT licensed LLM model that outperformed others in many metrics at the time, let us hope that othe…

No thank you, for the overconfident misinformation. Of the three large DRAM companies in the world Micron is the only one based in the USA.

Micron s/uses/“will use” ASML’s EUV machines[0] in New York. Micron shares some info on their EUV DRAM process[1].

DRAM composed 80% of Micron’s revenue, NAND is about 20%.

0: https://www.syracuse.com/business/2023/09/mind-boggling-mach...

1: https://www.micron.com/products/memory/1gamma-dram-technolog...

Re: China DRAM Maker CXMT Targets $4.2B IPO as It Takes on Samsung, SK Hynix, Micron

#17

Post by amluto »

dworks wrote: post #12

Since I'm in China, I took a look at Taobao hoping to find cheaper ddr5 sticks made with CXMT chips. Unfortunately, they are the same price or only marginally cheaper than Hynix sticks (1900 - 2300 rmb for 32g ddr5). Perhaps capacity at CXMT is not very high yet.

Or maybe CXMT is not dumb? If the worldwide price of some commodity is $100 and you can produce an item that is nearly as good as everyone else’s, would you sell it for $98 or for $50?

Or the supply of non-CXMT DRAM is sufficient poor right now that Chinese buyers, of which there are plenty, are willing to pay approximately as much for CXMT’s product as for anyone else’s?

CXMT’s real ability to reduce prices will come (if it does) by adding enough supply to drive down prices everywhere, or at least everywhere that is willing to import CXMT’s products without absurd tariffs.

Re: China DRAM Maker CXMT Targets $4.2B IPO as It Takes on Samsung, SK Hynix, Micron

#18

Post by Johanx64 »

walterbell wrote: post #5

https://www.semiconsam.com/p/why-did-the-memory-chicken-game... | https://s-space.snu.ac.kr/bitstream/10371/95351/1/01%20Jeho%... Chinese memory makers are the product of massive state backing, with tens of billions of dollars in subsidies and the full weight of the Chinese government behind them. Could Samsung win a power struggle against the Chinese government? .. The market that [Samsung, SK Hynix and Micron] crea…

>Could Samsung win a power struggle against the Chinese government?

Translation: Could Korean government win a power struggle against Chinese government

Re: China DRAM Maker CXMT Targets $4.2B IPO as It Takes on Samsung, SK Hynix, Micron

#19

Post by [deleted] »

dworks wrote: post #12

Since I'm in China, I took a look at Taobao hoping to find cheaper ddr5 sticks made with CXMT chips. Unfortunately, they are the same price or only marginally cheaper than Hynix sticks (1900 - 2300 rmb for 32g ddr5). Perhaps capacity at CXMT is not very high yet.

[deleted]

Re: China DRAM Maker CXMT Targets $4.2B IPO as It Takes on Samsung, SK Hynix, Micron

#20

Post by walterbell »

amluto wrote: post #17
dworks wrote: post #12

Since I'm in China, I took a look at Taobao hoping to find cheaper ddr5 sticks made with CXMT chips. Unfortunately, they are the same price or only marginally cheaper than Hynix sticks (1900 - 2300 rmb for 32g ddr5). Perhaps capacity at CXMT is not very high yet.

Or maybe CXMT is not dumb? If the worldwide price of some commodity is $100 and you can produce an item that is nearly as good as everyone else’s, would you sell it for $98 or for $50? Or the supply of non-CXMT DRAM is sufficient poor right now that Chinese buyers, of which there are plenty, are willing to pay approximately as much for CXMT’s product as for anyone else’s? CXMT’s real ability to reduce prices will com…

That depends on whether your investor (China) also sells integrated products whose sales would increase if RAM were cheaper, e.g. smartphones or mini PCs with bundled LPDDR5, https://www.theblaze.com/columns/opinion/your-laptop-is-abou...

  Research and development in conventional computing are already suffering. Investment in efficient CPUs, affordable networking equipment, edge computing, and quantum-adjacent technologies has slowed as capital and talent are pulled into AI accelerators. This is precisely backward. Narrow AI — focused on real-world tasks like logistics, agriculture, port management, and manufacturing — is where genuine productivity gains lie. China understands this and is investing accordingly.
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