China’s memory chip makers ride AI boom to new power

CXMT reportedly ordered Huawei-linked engineers out of its Hefei R&D cleanroom amid a price dispute — a striking sign that Chinese memory makers now hold real leverage over major tech clients.
CXMT and YMTC have surged into powerful suppliers: CXMT is launching an $8.6B IPO after huge revenue gains and has struck multi-billion-dollar supply deals with ByteDance and Tencent.
Their rise is stirring geopolitical tension — U.S. scrutiny and restrictions on advanced lithography (ASML) could limit tech access even as both firms rush to expand capacity and eye global markets.

China’s memory chip makers ride AI boom to new power — and U.S. scrutiny