ChipsThe Next Webabout 1 hour ago
CXMT Profit Swings to Nearly $20B
2 min read
Chinese memory chipmaker CXMT expects a net profit of 131B to 132.5B yuan ($19.6B to $19.8B) for January to September, compared with a 5.3B yuan loss a year earlier. Revenue jumped to 265B to 270B yuan as AI demand caused memory shortages. Its chairman also proposed a share buyback of up to 2B yuan.
Level
Hype check
Tap to vote and see what everyone thinks.
