CXMT revenue up 700% | Electronics Weekly

In Q1 2025 it made a loss.

CXMT forecast an H1 revenue rise of more than 2,200% and is planning to raise $4.3 billion in an IPO on the Shanghai Star Market.

The shortage of conventional DRAM as the Big Three focus production on HBM saw conventional DRAM prices double in Q1 and a further 60% rise is expected in Q2.

Last year the company spent $1.32 billion on R&D, representing nearly 16% of its 2025?revenue..