CXMT stock news
ChangXin Memory Technologies (CXMT, SHA: 688825) is expanding beyond its core DRAM business into the NAND flash memory segment to capture surging enterprise storage demand driven by artificial intelligence infrastructure. According to reports on September 18, 2026, the company is establishing an R&D production line for NAND flash memory at its new manufacturing facility and has set up a specialized research institute in Beijing. CXMT has also entered preliminary discussions with potential customers, including a storage startup focused on AI systems and supercomputing. The initiative positions CXMT to challenge domestic leader Yangtze Memory Technologies Co. (YMTC) and global incumbents Samsung Electronics, SK Hynix, and Micron Technology, prompting CXMT shares to rise over 3% in Shanghai trading.