Chinese DRAM memory company CXMT (Changxin Memory Technologies) has reported that its orders are fully booked until the end of next year.
According to local IT media outlet Kuai Ke Ji, major Chinese tech firms such as Huawei and Xiaomi have recently signed long-term supply contracts with CXMT. As a result, it is reported that additional supply will be impossible until the end of next year.
Recent reports indicated that Apple is seeking to source DRAM memory from CXMT, but it will not be feasible for Apple to receive supplies from CXMT until at least the end of next year. The outlet analyzed that Apple's engagement with CXMT could be a strategy to enhance its negotiating power with other suppliers like Samsung, SK Hynix, and Micron.
The outlet explained that if Apple sells 50 million iPhones annually, with each device containing 12GB of DRAM, this would amount to 600 million GB, which represents 6.6% of CXMT's production capacity. Therefore, CXMT does not have the capacity to accommodate such a large order.
Currently, CXMT operates two 12-inch DRAM factories in Hefei and one in Beijing, with a total monthly production capacity estimated at around 300,000 wafers. CXMT's production capacity is expected to reach 350,000 wafers by the end of this year, 420,000 wafers by the end of next year, and 500,000 wafers by the end of 2028, marking a 66% increase in production capacity over two years.
Additionally, Goldman Sachs recently projected in a report that by 2028, CXMT could meet approximately 50% of China's DRAM demand and 40% of high-bandwidth memory (HBM) demand.
Meanwhile, local media have reported that CXMT's developed LPDDR6 has passed customer qualification tests, according to internal sources. LPDDR6 is a low-power DRAM designed for mobile devices. Local media noted that CXMT supplied LPDDR6 prototypes to Xiaomi in March and expects to pass qualification tests by the end of August.
* This article has been translated by AI.
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