Changxin Memory Technologies (CXMT), China's top memory chipmaker, said on Sunday it expects first-half revenue to reach 110 billion yuan to 120 billion yuan ($17.62 billion), according to a renewed prospectus, as surging memory chip prices boost its business outlook.
Memory chip prices have risen globally as an artificial intelligence-driven boom in computing chips fuels a memory supercycle. The rally helped push Samsung Electronics' market capitalisation above $1 trillion in May.
