ChangXin Memory Technologies Inc. more than doubled revenue to $8 billion in 2025, giving the strategically important Chinese chipmaker a major boost ahead of one of this year’s biggest domestic IPOs. Like rivals such as South Korea’s SK Hynix Inc. , the Chinese firm is riding surging prices for the storage chips crucial to AI development and data centers. A global shortage of memory chips propell...
ChangXin Memory Technologies Inc. more than doubled revenue to $8 billion in 2025, giving the strategically important Chinese chipmaker a major boost ahead of one of this year’s biggest domestic IPOs. Like rivals such as South Korea’s SK Hynix Inc. , the Chinese firm is riding surging prices for the storage chips crucial to AI development and data centers. A global shortage of memory chips propelled its revenue about 130% higher to more than 55 billion yuan ($8 billion) in 2025, people familiar with the matter said, asking not to be identified because the matter is private. Adjusted net income, excluding one-time items, is projected at about 3 billion yuan, they said. The numbers aren’t final and may vary in the formal release, depending on how CXMT accounts for parts of its business, according to the people. CXMT — which lies at the heart of Beijing’s ambitions to wean the country off US technology — is gunning for a landmark market debut this summer. It’s set to report its annual earnings in April while it prepares for a listing on China’s STAR board in the first half, the people said. Deliberations are ongoing, and the time line could still change, they added. If the listing goes ahead, it is likely to be the largest IPO in mainland China in 2026. The Hefei-based company is China’s top contender to make cutting-edge memory chips that help Beijing’s push to build a domestic supply chain to better compete with the US on AI and beyond. Its strength will complement that of Chinese AI accelerator designers including Huawei Technologies Co. and Cambricon Technologies Corp. and help boost China’s capabilities to compete with Nvidia Corp. and Advanced Micro Devices Inc. The chipmaker did not respond to requests for comment. CXMT makes short-term memory used in data centers, smartphones and even vehicles. It’s now developing the high-bandwidth memory that is required to make AI accelerators, operating in a segment long dominated by SK Hynix , Samsung Electronics Co. and M...
JHVEPhoto/iStock Editorial via Getty Images The following segment was excerpted from the Virtus SGA Global Growth Fund Q4 2025 Commentary. During the quarter, we initiated a below-average weight position in leading semiconductor and infrastructure software company Broadcom ( AVGO ). Broadcom's ongoing transformation from a provider of custom ASICs to a full rack-scale solutions vendor, including s...
JHVEPhoto/iStock Editorial via Getty Images The following segment was excerpted from the Virtus SGA Global Growth Fund Q4 2025 Commentary. During the quarter, we initiated a below-average weight position in leading semiconductor and infrastructure software company Broadcom ( AVGO ). Broadcom's ongoing transformation from a provider of custom ASICs to a full rack-scale solutions vendor, including scale-up networking, marks a significant improvement in its strategic positioning compared to earlier in the year. This strategic evolution has been validated by recent product launches, such as the Scale-up Ethernet solution, and committed orders from major customers like Anthropic. Broadcom is also diversifying its customer base, expanding from three to five qualified customers with purchase commitments, and accelerating production volume timelines for future prospective clients. The shift in AI demand from training to inferencing is creating more visible and stable revenue streams, as inferencing workloads have grown rapidly, driven by innovations in long context windows and agentic workloads. Broadcom's business model is supported by strong pricing power, recurring revenues, and robust growth opportunities. The company maintains industry-leading margins, with semiconductor gross margin around 70% and software gross margin near 90%, leveraging high technology barriers and strong customer relationships. Recurring revenue is underpinned by long-term AI semiconductor engagements and high-retention infrastructure software subscriptions. As AI spending shifts toward inference, revenue visibility and stability improve, backed by real use cases and multi-year customer commitments. Broadcom's growth is driven by rising AI demand, as major labs and hyperscalers adopt custom ASICs for both training and inference. The company's ability to integrate a full systems solution from ASICs to networking provides an advantage over other vendors, and its strategy of building sustainable fran...
JHVEPhoto/iStock Editorial via Getty Images The following segment was excerpted from the Virtus SGA Global Growth Fund Q4 2025 Commentary. During the quarter, we initiated a below-average weight position in leading semiconductor and infrastructure software company Broadcom ( AVGO ). Broadcom's ongoing transformation from a provider of custom ASICs to a full rack-scale solutions vendor, including s...
JHVEPhoto/iStock Editorial via Getty Images The following segment was excerpted from the Virtus SGA Global Growth Fund Q4 2025 Commentary. During the quarter, we initiated a below-average weight position in leading semiconductor and infrastructure software company Broadcom ( AVGO ). Broadcom's ongoing transformation from a provider of custom ASICs to a full rack-scale solutions vendor, including scale-up networking, marks a significant improvement in its strategic positioning compared to earlier in the year. This strategic evolution has been validated by recent product launches, such as the Scale-up Ethernet solution, and committed orders from major customers like Anthropic. Broadcom is also diversifying its customer base, expanding from three to five qualified customers with purchase commitments, and accelerating production volume timelines for future prospective clients. The shift in AI demand from training to inferencing is creating more visible and stable revenue streams, as inferencing workloads have grown rapidly, driven by innovations in long context windows and agentic workloads. Broadcom's business model is supported by strong pricing power, recurring revenues, and robust growth opportunities. The company maintains industry-leading margins, with semiconductor gross margin around 70% and software gross margin near 90%, leveraging high technology barriers and strong customer relationships. Recurring revenue is underpinned by long-term AI semiconductor engagements and high-retention infrastructure software subscriptions. As AI spending shifts toward inference, revenue visibility and stability improve, backed by real use cases and multi-year customer commitments. Broadcom's growth is driven by rising AI demand, as major labs and hyperscalers adopt custom ASICs for both training and inference. The company's ability to integrate a full systems solution from ASICs to networking provides an advantage over other vendors, and its strategy of building sustainable fran...
JHVEPhoto Chipmaker STMicroelectronics ( STM ) in a filing said a selling security holder may offer and resell up to 24.8 million ordinary shares from time to time, with the stock linked to warrants that can be exercised into common equity. The last reported sale price of the ordinary shares was $31.95 per share on March 24, 2026. More on STMicroelectronics STMicroelectronics: DC And Robotics Oppo...
JHVEPhoto Chipmaker STMicroelectronics ( STM ) in a filing said a selling security holder may offer and resell up to 24.8 million ordinary shares from time to time, with the stock linked to warrants that can be exercised into common equity. The last reported sale price of the ordinary shares was $31.95 per share on March 24, 2026. More on STMicroelectronics STMicroelectronics: DC And Robotics Opportunities Re-Ignited Enthusiasm (Upgrade) STMicroelectronics N.V. (STM) Shareholder/Analyst Call - Slideshow STMicroelectronics N.V. (STM) Shareholder/Analyst Call - Slideshow SA analyst upgrades/downgrades: STM, PANW, WPM, TK STMicroelectronics starts deliveries of China-made STM32 microcontrollers
(Bloomberg) -- Shares of computer memory and storage products slumped on concerns over demand after Google researchers touted a new compression technique. But it may be a hiccup rather than an existential threat.SK Hynix Inc., a key maker of memory chips for artificial intelligence applications, fell as much as 6.4% on the Korea Exchange. Flash memory manufacturer Kioxia Holdings Corp. dropped 6.4...
(Bloomberg) -- Shares of computer memory and storage products slumped on concerns over demand after Google researchers touted a new compression technique. But it may be a hiccup rather than an existential threat.SK Hynix Inc., a key maker of memory chips for artificial intelligence applications, fell as much as 6.4% on the Korea Exchange. Flash memory manufacturer Kioxia Holdings Corp. dropped 6.4% in Tokyo. That followed losses by Micron Technology Inc. and Sandisk Corp. Wednesday in New York.T