China's major memory chipmaker CXMT said that it has begun mass production of LPDDR6, its most advanced mobile dynamic random access memory (DRAM), with the chips set to be equipped in Xiaomi's 18 Fold flagship foldable mobile phone, a statement from CXMT said on Sunday.

China’s leading DRAM chipmaker outperforms its own forecasts in its first financial results since a blockbuster Shanghai listing.

China's CXMT reports an 870% revenue surge to $22.4 billion and $10.8 billion profit as AI demand fuels memory chip sales.