CXMT Eyes $10B Profit by 2025, Moves Toward STAR Market IPO

SemiAnalysis reports that ChangXin Memory Technologies (CXMT) is pushing ahead with plans to list on Shanghai's STAR Market. The company's revenue is projected to surge 156% year over year to about $8.6 billion in 2025, while it is expected to post its first net profit of roughly $1 billion. Momentum continued into early 2026. In the first quarter of 2026, CXMT's revenue climbed to $7.3 billion, up around 700% from a year earlier. CXMT's rise has been underpinned by the acquisition of Qimonda's technology assets, recruitment of experienced engineers from Micron and Samsung, and government-backed capital support. The firm has since grown into the world's fourth-largest DRAM maker. CXMT plans to keep expanding capacity from 2026 through 2028. Its global DRAM market share is forecast to increase from 9% in 2025 to 12% in 2027.