CXMT is nearing LPDDR6 production. The company that just IPO’d at 470% could give Samsung and SK Hynix a competitor in next-gen phone memory.

LPDDR5X prices surged 78-83% in Q2. ChangXin Memory Technologies has nearly completed R&D verification for LPDDR6 smartphone memory at speeds of up to 12.8Gbps, China Business News reported. LPDDR5X prices surged 78-83% in Q2 alone as AI data centres absorbed available production capacity, according to TrendForce. Samsung, SK Hynix, and Micron control over 90% of global DRAM. CXMT reaching LPDDR6 production would be the first serious challenge to that oligopoly in next-generation mobile memory.