# CXMT swings to profit as quarterly revenue rises sevenfold

_Published Friday, October 30, 2026 at 8:03 AM EDT · Infrastructure, Products · Latest · Tier 2 — Notable_

Chinese memory chipmaker CXMT posted a sevenfold increase in quarterly revenue and swung from a loss to a profit, Bloomberg reported. The company expanded capacity aggressively and increased its role as a global supplier of conventional memory, or DRAM.

Revenue growth nevertheless slowed, suggesting that the AI-fueled rally in Chinese memory chip prices may be losing steam.

## Sources

- [Bloomberg Technology](https://www.bloomberg.com/news/articles/2026-10-30/chinese-chip-leader-cxmt-s-sales-rise-sevenfold-yet-growth-slows)

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Canonical: https://techandbusiness.org/newswire/tU9dkL1H5B8I0UrNqUkfyf
Published: 2026-10-30T12:03:07.343Z
Story chronology: 2026-10-30T10:39:16.000Z
Retrieved: 2026-10-30T14:17:05.189Z
Publisher: Tech & Business (techandbusiness.org)