For a while now, the industry has wondered as to when Chinese manufacturers will become serious players in the global memory industry, especially DRAM. While still small at 5%, China’s share of the global memory chip market is growing, and market leaders SK Hynix, Samsung, and Micron should be worried. Changxin Memory (CXMT) is at the centre of this growth. ConclusionsThere is still a technology gap between Chinese memory companies and the incumbent market leaders, but it is clearly becoming ever smaller. This provides Chinese memory manufacturers with more domestic customers than anyone else, providing a foundation on which to become world leading.