ChangXin Memory Technologies, China’s top homegrown DRAM manufacturer, has landed a $3 billion memory supply deal with Tencent. The agreement underscores just how aggressively Chinese tech giants are moving to secure domestic chip supply chains as geopolitical tensions continue to reshape the global semiconductor landscape.
CXMT already counts Tencent, Alibaba Cloud, and ByteDance among its clients through long-term supply agreements established prior to 2026.
The numbers behind CXMT’s surge
In Q1 2026, the company reported revenues of approximately RMB 50.8 billion, roughly $7 billion. That represents a 719% increase year-over-year.
CXMT currently holds an estimated 7-11% share of the global DRAM market. The DRAM industry has historically been dominated by three players: Samsung, SK Hynix, and Micron. CXMT is projecting it could reach approximately 14% market share by 2027.
