China Dram Maker Cxmt Targets $4.2b Ipo as It Takes on Samsung, Sk Hynix, Micron

Micron uses ASML’s EUV machines in New York.

https://www.syracuse.com/business/2023/09/mind-boggling-mach...

They are, of course, a bit slower in EUV adoption. But its already there:

https://www.tomshardware.com/pc-components/dram/micron-sampl...

https://www.techinsights.com/blog/samsung-d1z-lpddr5-dram-eu...

  Security advisor Brian Shields discovered that not one, but seven Nortel executives, including CEO Frank Dunn, had been hacked, and that the hackers were vacuuming an alarming volume of sensitive material out of its databases. By the end of his investigation, Shields says he was able to track the theft of over 1,400 documents.. during a six-month period when bosses allowed him to monitor the stealing. He found evidence the break-in of Nortel’s internal computer network had started no later than 2000, and probably began in the 1990s. He says it lasted past 2009..

Jumping to regulating the global RAM market this early sounds like the worst of all solutions. You want people to get cross-government approval every time they want to buy or sell RAM? American companies will call up Korea to get their RAM rations.

If CXMT can fill more of China's domestic demand, that's still good news for us all.

  Research and development in conventional computing are already suffering. Investment in efficient CPUs, affordable networking equipment, edge computing, and quantum-adjacent technologies has slowed as capital and talent are pulled into AI accelerators. This is precisely backward. Narrow AI — focused on real-world tasks like logistics, agriculture, port management, and manufacturing — is where genuine productivity gains lie. China understands this and is investing accordingly.

Edit: I see you made an edit without noting that you did so.

Only this sentence was in the pre-edit comment: "Or maybe CXMT is not dumb? If the worldwide price of some commodity is $100 and you can produce an item that is nearly as good as everyone else’s, would you sell it for $98 or for $50?"

For your added comments: There is no supply issue, there are hundreds of sellers of Hynix, Crucial, Samsung ddr5 on Taobao. For your second comment about them driving down prices later on by increasing supply, well, I first of all noted that perhaps capacity is not great in my comment, and you are also contradicting your first point where you said CXMT would be stupid to compete on price.

In reality, the history of every Chinese market entrant, even those leading technologically, shows that they always cut margins to compete by driving down costs. I have a decade worth of experience related to this.

I believe CXMT simply has not gotten to the stage where they really try to win market share and crank up supply - perhaps due to lack of capital, or as I said, due to capacity limitations (which may be a result of capital).

Investors have the stomach for this tactic, surely a company with the state's backing can remain solvent even longer than those funded by private investors.

> Samsung is officially stepping in to shut down the panic. The company has firmly denied reports that it plans to kill off its consumer SATA SSD production. In a direct statement, a spokesperson made it clear: the rumors are false, and Samsung isn’t going anywhere.

Coke and Pepsi dominate the worldwide drink market, but due to the immense size of the market, there are always up-and-coming competitors.

Go to your local superstore, supermarket, or your local convenience store.

You'll find Coke and Pepsi, lots of it, but you'll also find no-name drinks and sodas from drink companies that are not as well established yet or well known.

That those exist is a good thing, at least for consumers, at least for those that consume, because the root of all consumer prosperity brought on by capitalism (global trade = capitalism, regardless of the names of countries involved) comes from the relentless competition brought on by two or more companies, ideally as many as possible...

We would not have the super high performing desktop computers we have today if it were not for the historic early competition between AMD and Intel (later entered by other CPU manufacturers), and we would not have choice if it were not for competition.

Getting back to DRAM manufacturers, The first three do dominate 95+% of the market as of 2026.

But there might be some interesting up-and-coming smaller companies to watch...

Let's remember that OpenAI came from basically nowhere -- to give Google a run for its money -- as did Google with Microsoft's behemoth 20+ years ago...

What new DRAM manufacturer might be the next up-and-coming DRAM manufacturer in the space?

Well, we don't as-of-yet know... but the space is an interesting one to watch, to be sure!

But you are correct!

The first three do currently dominate 95+% of the market as of 2026...