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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

#91

Post by toast0 »

dworks wrote: post #24
walterbell wrote: post #20

Earlier quoted context omitted.

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 technol…

Mini PCs seems to be the perfect vector, since the only serious manufacturers are Chinese brands. International brands only seem to dabble in this sector.

I know there's more variety and typically lower prices (and sketchier windows licenses) from the Chinese brands, but last I looked, there's lots of options if you want an established brand. You can even get them from the likes of HP, Dell, Lenovo (still chinese, but), etc.

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

#92

Post by TiredOfLife »

coliveira wrote: post #55
tooltalk wrote: post #51

Earlier quoted context omitted.

This was mostly in the 80's during the cold war. IMO, and it's not even really clear how Samsung's DRAM business really benefited from the state backing. The South Korea gov't first major initiative "Semiconductor Industry Promotion Plan" started only after Samsung'd developed their first 64K DRAM in 1983. It really helped other local industry competitors such as LG and Hyundai catch up, but Samsung was already on a…

As mentioned in the sibling comment, Samsung practically owns S Korea. It's a fools errand to separate Samsung from the government.

Even prisons in Korea are just vacation places for Samsung chairman.

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

#93

Post by mensetmanusman »

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…

These situations usually lead to price collapse in the long run. Prices are simply an information vector on what humans should be doing for others globally.

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

#94

Post by mensetmanusman »

heavyset_go wrote: post #41
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…

I'd love to see it, but they'll be given the BYU/Huawei/etc treatment to keep the silicon cartel's margins from crashing.

Doesn’t matter, more supply equals lower costs. Also, China can barely afford all of its states propping up the BYU supply chain with free cashflow.

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

#95

Post by nijave »

heavyset_go wrote: post #42
amluto wrote: post #17

Earlier quoted context omitted.

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…

If they have the runway, they can try the tried and true method of undercutting competitors until they fold, and then capture the market for themselves. Investors have the stomach for this tactic, surely a company with the state's backing can remain solvent even longer than those funded by private investors.

Other nations would likely step in before letting China corner the DRAM market

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

#96

Post by nijave »

peter_d_sherman wrote: post #71
tooltalk wrote: post #60

Earlier quoted context omitted.

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,…

Isn't there higher barriers to entry than OpenAI and soda? They were able to compete with "commodity" hardware. A DRAM manufacturer would need expensive machines from ASML, right?

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

#98

Post by nijave »

Fnoord wrote: post #86
peter_d_sherman wrote: post #71

Earlier quoted context omitted.

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,…

I'm not forced to drink Coke or Pepsi if I go to a bar. Only if I specifically want a cola I very likely get whatever cola they got (likely either Coke or Pepsi). If you want to use a computer, it will have DRAM, and you'll end up with one of the DRAM hardware manufacturers. > 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+ ye…

Seems more likely OpenAI or one of the hyperscalers would continue vertical expansion into chips but likely only supply themselves--possibly making proprietary variants only they could use anyway

Seems to be the case with CPUs although I know that's a bit different since they're contracting with existing fabs

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

#99

Post by mycall »

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.

Is that because CXMT is using stolen tech?

Downvoting doesn't answer my question though.

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

#100

Post by mycall »

checker659 wrote: post #61
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.

Ok, but BYD is everywhere

How much stolen tech does BYD use? Is that even a factor in not allowing them into the US?
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