Topics / Memory & HBM
Memory & HBM
Memory is where the contest is tightest. A global HBM shortage has sent prices climbing. China leads in standard DRAM and NAND through CXMT and YMTC, and is still dependent at the high-bandwidth edge.
Best issues on this topic
- The Windfall
A Chinese memory middleman’s half-year profit jumped 743x. AI’s appetite for HBM is being paid for one layer down, by the budget phone in your pocket.
- The Toll Booth
CXMT signed a 2.94 billion dollar long-term DRAM deal with Tencent, one of the largest domestic chip-procurement commitments in years, ahead of its Shanghai listing.
- The Supplier
An interagency committee cleared CXMT for the US Entity List, but Commerce has not updated it since October 2025, the longest pause in a decade, because the two sides are mid-negotiation.
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