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Chinese memory and storage firm expected to post more than 60,000% jump in profits due to exploding demand — Lexar owner Longsys forecasts nearly $1.5 billion profit for 1H26 compared to $2.1 million last year
The memory and chip shortage is driving record profits for downstream memory suppliers.
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scmp.com
China memory module giant’s first-half profit set to jump more than 600-fold
Longsys says net profit could reach up to 11 billion yuan, as strong demand and tight global wafer supply lift the downstream memory sector.
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global.chinadaily.com.cn
Chinese memory chip stocks surge
Chinese memory-chip-related stocks surged on Monday, led by Shenzhen Longsys Electronics Co Ltd, partly as investors reacted to the impending US listing of South Korean memory…
