CXMT ships HBM3 memory samples to Huawei and targets mass production by end of 2026 as China pushes for AI chip self-sufficiency amid export

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

The Chinese chipmaker posted net profit of 77.6 billion yuan in its first earnings report since going public in July