NIO, Chery, and Xiaomi announced respective investments of 158 million yuan each in CXMT, China's leading memory chip manufacturer. CXMT's DRAM products are widely used in automotive IVI, ADAS, and other auto electronics. The joint investment reflects the auto industry's high concern for chip supply chain security.
1091 day ago
In the first half of 2026, memory chip manufacturers and automakers are experiencing extreme profit divergence. Shenzhen Longsys Electronics saw net profit surge over 740-fold year-on-year, while GigaDevice's quarterly earnings exceeded three times its entire previous year total. Meanwhile, SERES, GAC, and JAC have issued profit warnings. The explosive demand for high-bandwidth memory from AI servers is squeezing the automotive industry's memory chip supply space.
41431 days ago
In the first half of 2026, AI computing demand triggered a surge in memory chip prices, with storage chip makers delivering explosive profit growth while automakers including SERES, GAC, and JAC issued profit warnings due to rising costs, fundamentally reshaping the auto supply chain profit landscape.
23331 days ago
GigaDevice released its H1 2026 earnings forecast, expecting revenue of approximately 11.5 billion CNY, up 177% year-on-year; attributable net profit is expected to rise 1,099%. The surge is driven by strong recovery in memory chip and MCU demand, as well as rapid growth in automotive electronics business.
38737 days ago
EX1000
