# CXMT reports sharp first-half revenue and profit increase

_Friday, August 28, 2026 at 7:40 AM EDT · AI · Latest · Tier 2 — Notable_

Chinese memory chipmaker CXMT reported about $22.4 billion in first-half revenue and roughly $11.5 billion in profit, according to a Bloomberg summary. The summary said revenue rose almost tenfold and compared the profit with a loss a year earlier, attributing the gains to demand for AI hardware.

## Sources

- [Techmeme](https://www.techmeme.com/260828/p7#a260828p7)

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Retrieved: 2026-08-28T14:45:16.551Z
Publisher: Tech & Business (techandbusiness.org)