CXMT Doubles Global DRAM Market Share
CXMT's DRAM Market Share Surges
According to Counterpoint data, Chinese memory chip maker CXMT's DRAM market share more than doubled in Q1 2024 compared to the same period last year. The company's revenue surged 700% as it captures growing domestic DRAM demand for products ranging from smartphones to servers, making it the fastest-growing DRAM player globally.
Top Players Still Dominate
However, the top three players—Samsung, SK Hynix, and Micron—still hold about 90% of the market. The report notes that companies like Samsung and Micron are quickly moving to expand capacity and reinforce their lead in next-generation technology in response to CXMT's rise.
Memory Prices Expected to Rise
Memory prices for both high-bandwidth memory and commodity DRAM are expected to rise an additional 50% in Q2 from the previous quarter.
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