CXMT forecasts up to US$19.8 billion in 3 quarters’ net income; pledges share buy-back

T2Covered by 1 source · first reported by China: SCMP Tech / TechNode / Pandaily / KrASIA / Sixth Tone at 18 Oct, 23:30 UTC

Chinese memory chip giant ChangXin Memory Technologies (CXMT) forecast a net income of up to US$19.8 billion for the first nine months of 2026, marking a dramatic swing from a loss a year ago, as the domestic champion cashed in on artificial intelligence-driven demand while aggressively challenging…

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Sources

• T2CXMT forecasts up to US$19.8 billion in 3 quarters’ net income; pledges share buy-backChina: SCMP Tech / TechNode / Pandaily / KrASIA / Sixth Tone18 Oct, 23:30