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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

#71

Post by peter_d_sherman »

tooltalk wrote: post #60
peter_d_sherman wrote: post #59

I asked Perplexity.ai to list all of the DRAM manufacturing companies that it could. What follows is that list: Samsung Electronics – https://www.samsung.com SK hynix – https://www.skhynix.com Micron Technology – https://www.micron.com ChangXin Memory Technologies (CXMT) – https://www.cxmt.com Nanya Technology – https://www.nanya.com Winbond Electronics – https://www.winbond.com Powerchip Semiconductor Manufacturing…

The first three dominate 95+% of the market.

That's true.

Coke and Pepsi dominate the worldwide drink market, but due to the immense size of the market, there are always up-and-coming competitors.

Go to your local superstore, supermarket, or your local convenience store.

You'll find Coke and Pepsi, lots of it, but you'll also find no-name drinks and sodas from drink companies that are not as well established yet or well known.

That those exist is a good thing, at least for consumers, at least for those that consume, because the root of all consumer prosperity brought on by capitalism (global trade = capitalism, regardless of the names of countries involved) comes from the relentless competition brought on by two or more companies, ideally as many as possible...

We would not have the super high performing desktop computers we have today if it were not for the historic early competition between AMD and Intel (later entered by other CPU manufacturers), and we would not have choice if it were not for competition.

Getting back to DRAM manufacturers, The first three do dominate 95+% of the market as of 2026.

But there might be some interesting up-and-coming smaller companies to watch...

Let's remember that OpenAI came from basically nowhere -- to give Google a run for its money -- as did Google with Microsoft's behemoth 20+ years ago...

What new DRAM manufacturer might be the next up-and-coming DRAM manufacturer in the space?

Well, we don't as-of-yet know... but the space is an interesting one to watch, to be sure!

But you are correct!

The first three do currently dominate 95+% of the market as of 2026...

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

#72

Post by orangeboats »

casey2 wrote: post #63
EA-3167 wrote: post #32

Earlier quoted context omitted.

It’s essentially an economic death spiral, but that has a lot of energy and dynamism until it crashes. In this case as long as NVIDIA prints money and people are willing to play pretend for a paycheck, this will go on. But it will end and who knows how many lives will be ruined in the fall.

Lives ruined by lack of DRAM? my guess is somewhere between 0 and 1

Reading comprehension! The GP was clearly referring to the current AI boom, which is the root cause of DRAM price surging.

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

#73

Post by dworks »

chhxdjsj wrote: post #49

Anyone got any tips on ways to buy ipos/equity on Shanghai STAR exchange? I want unitree and cxmt

You cannot buy these. You can only buy companies listed in Shanghai and Shenzhen that are enrolled in Stock Connect, which has certain requirements that means these small IPOd companies cannot be enrolled. It is possible that there mutual funds or ETFs in HK that are available, and hold these types of companies.

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

#74

Post by WarOnPrivacy »

chvid wrote: post #52
heavyset_go wrote: post #47

Earlier quoted context omitted.

Plenty of countries gave Huawei the same treatment the US did, and the US and its allies have the weight to impose sanctions, tariffs, etc to punish consumers within their borders for daring to consider better and cheaper options.

The allies of the US all banned Huawei because the US asked them (quite forcefully) to do so. CXMT is already under a full set of US long arm sanctions so probably only very little of their products will ever reach western markets. However some Chinese demand will definitely be met by CXMTs product displacing western suppliers - so maybe there is a tiny bit of relief for western consumers there.

> However some Chinese demand will definitely be met by CXMTs product displacing western suppliers - so maybe there is a tiny bit of relief for western consumers there.

I recall years of hints that the affordable housing crunch would eventually be helped by developers - even tho they're only building tons of not-affordable housing.

We're five years in. No meaningful change is visible from the perspective of folks who need affordable housing.

Based on that lesson, I expect what CXMT does there to have no meaningful effect here.

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

#75

Post by roenxi »

Neywiny wrote: post #31
MrGilbert wrote: post #8

Would love to see them succeed and take on the pc builder market, aka hobbyist market. Honestly, the recent rise in RAM left me behind with a huge amount of disbelief and anger. Anger primarily, because big corporations are responsible for draining the market, while on the other hand a Satya Nadella states that they are sitting on a pile of GPUs they cannot use because of limited power.[1] I simply cannot understand…

It's all money circles. Everything's made up and nothing matters

How do you expect this comment to be interpreted? I'm ruling out RAM as a social construct, I'm pretty sure it exists in the physical world.

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

#76

Post by WhereIsTheTruth »

MrGilbert wrote: post #8

Would love to see them succeed and take on the pc builder market, aka hobbyist market. Honestly, the recent rise in RAM left me behind with a huge amount of disbelief and anger. Anger primarily, because big corporations are responsible for draining the market, while on the other hand a Satya Nadella states that they are sitting on a pile of GPUs they cannot use because of limited power.[1] I simply cannot understand…

You'll never be able to buy their chips, the US will impose trade restrictions once it forces South Korea to ramp up production in US fabs

The entire price crisis stems from anticipation of that prospect

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

#77

Post by mgh95 »

WarOnPrivacy wrote: post #74
chvid wrote: post #52

Earlier quoted context omitted.

The allies of the US all banned Huawei because the US asked them (quite forcefully) to do so. CXMT is already under a full set of US long arm sanctions so probably only very little of their products will ever reach western markets. However some Chinese demand will definitely be met by CXMTs product displacing western suppliers - so maybe there is a tiny bit of relief for western consumers there.

> However some Chinese demand will definitely be met by CXMTs product displacing western suppliers - so maybe there is a tiny bit of relief for western consumers there. I recall years of hints that the affordable housing crunch would eventually be helped by developers - even tho they're only building tons of not-affordable housing. We're five years in. No meaningful change is visible from the perspective of folks who…

> I recall years of hints that the affordable housing crunch would eventually be helped by developers - even tho they're only building tons of not-affordable housing.

If I may ask, what cities? For example, Austin has seen a 6.6% asking price decrease for 0- to 2-bedroom units [1]. The big problem is there is an absolutely massive hole, and very few places are building "enough" to make a dent.

[1] https://www.realtor.com/advice/hyperlocal/austin-rents-are-g...

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

#78

Post by renewiltord »

WarOnPrivacy wrote: post #74
chvid wrote: post #52

Earlier quoted context omitted.

The allies of the US all banned Huawei because the US asked them (quite forcefully) to do so. CXMT is already under a full set of US long arm sanctions so probably only very little of their products will ever reach western markets. However some Chinese demand will definitely be met by CXMTs product displacing western suppliers - so maybe there is a tiny bit of relief for western consumers there.

> However some Chinese demand will definitely be met by CXMTs product displacing western suppliers - so maybe there is a tiny bit of relief for western consumers there. I recall years of hints that the affordable housing crunch would eventually be helped by developers - even tho they're only building tons of not-affordable housing. We're five years in. No meaningful change is visible from the perspective of folks who…

How could a subsidized housing number increase from building not-subsidized housing? That is illogical. The market rate housing will become cheaper and therefore more housing will be affordable to more people but you can’t make the number of “affordable housing” units go up by building anything else because “affordable housing” is a brand name for subsidized housing.

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

#79

Post by ahartmetz »

WarOnPrivacy wrote: post #74
chvid wrote: post #52

Earlier quoted context omitted.

The allies of the US all banned Huawei because the US asked them (quite forcefully) to do so. CXMT is already under a full set of US long arm sanctions so probably only very little of their products will ever reach western markets. However some Chinese demand will definitely be met by CXMTs product displacing western suppliers - so maybe there is a tiny bit of relief for western consumers there.

> However some Chinese demand will definitely be met by CXMTs product displacing western suppliers - so maybe there is a tiny bit of relief for western consumers there. I recall years of hints that the affordable housing crunch would eventually be helped by developers - even tho they're only building tons of not-affordable housing. We're five years in. No meaningful change is visible from the perspective of folks who…

The RAM market is much more commoditized than housing. Almost any increase in supply should reduce prices world-wide.

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

#80

Post by ahartmetz »

coliveira wrote: post #34
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…

Samsung is 100% backed by the state as well.

Silicon Valley first thrived on defense spending.
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