CXMT Seen Lifting DRAM Share to 18% by 2028 as Wafer Capacity Reaches 550,000
Updated
Updated · South China Morning Post · Jul 27
CXMT Seen Lifting DRAM Share to 18% by 2028 as Wafer Capacity Reaches 550,000
3 articles · Updated · South China Morning Post · Jul 27
Summary
Nomura projects CXMT’s global DRAM share will climb from about 10% now to 18% by the end of 2028, driven by wafer expansion and stronger AI-related memory demand.
550,000 12-inch wafers a month by end-2028 is the key growth target, up from 280,000 at the end of 2025 and 350,000 by end-2026, with new production lines planned in Shanghai.
466% is how far CXMT shares surged after its listing, closing at 49 yuan and making it the most valuable company on mainland China’s stock market.
3.28 trillion yuan in market value puts CXMT above Intel’s roughly $464 billion valuation, underscoring investor bets that capacity growth could more than double the stock’s value.