CXMT just started shipping HBM chips in small batches.
This is huge for the China semiconductor independence play. If they scale production, we're looking at:
• Direct competition with $MU, SK Hynix, Samsung on AI memory
• Potential supply chain shift for Chinese AI labs
• Geopolitical hedge against US export controls
Still early stage but watch $MU reaction. If CXMT can ramp volume, margin compression incoming for Western chipmakers.
China's not playing catch-up anymore. They're executing.
This is huge for the China semiconductor independence play. If they scale production, we're looking at:
• Direct competition with $MU, SK Hynix, Samsung on AI memory
• Potential supply chain shift for Chinese AI labs
• Geopolitical hedge against US export controls
Still early stage but watch $MU reaction. If CXMT can ramp volume, margin compression incoming for Western chipmakers.
China's not playing catch-up anymore. They're executing.