Chinese memory-chip maker CXMT said rapidly growing demand for artificial-intelligence computing power has boosted the dynamic random-access memory, or DRAM, industry.
The company's outlook points to a revenue increase of more than eightfold, a sign of how sharply demand for memory chips has risen as AI systems require ever more data-handling capacity. DRAM, a type of memory that stores data temporarily for fast access by processors, has become a key component in data centers and AI servers.
The surge in demand has also tightened supply across the sector, squeezing the market for memory products. Analysts following the industry have pointed to AI-related spending by cloud providers and chipmakers as a major driver behind the shift.
CXMT's expected growth highlights the rising importance of Chinese producers in the global memory market, which has long been dominated by a handful of established firms. The company's performance is likely to be watched closely as the AI boom continues to reshape the semiconductor industry.
Source: Wall Street Journal US Business · Summarized by HeadlinesBriefing