Chinese semiconductor firms CXMT and YMTC are flooding the global memory chip market with domestically produced DRAM and NAND chips, driving down prices and breaking the long-standing monopoly of Samsung, SK Hynix and Micron. CXMT’s chips are now being used in a Corsair Vengeance DDR5 memory module for the first time, with Corsair turning to China due to shortages and cost, as the big three prioritize data center contracts over consumer-grade supply. CXMT’s first-quarter revenue surged to 50.8 billion yuan ($7.4 billion), up 719% year over year and net profit hit 33.0 billion yuan ($4.41 billion), reversing a prior loss,…
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