CXMT's Global DRAM Market Share Rises to 10%; Xiaomi Flagship First to Adopt Its New-Gen Mobile Memory
nashnova research
CXMT's global DRAM share reached ~10% in Q2, more than doubling from 4% a year ago; Xiaomi's next flagship will be among the first phones to ship CXMT's latest mobile memory — and the market is already asking whether Apple could be next.
Share doubled in a year — what does the pace signal?
Counterpoint Research estimates CXMT held ~10% of global DRAM in Q2, up from just 4% a year earlier.
This means → the double-digit threshold arrived years ahead of industry expectations, pushing CXMT from a catch-up player into the mainstream supplier bracket.
In plain terms = DRAM — the chip that temporarily holds data in phones and PCs — has long been dominated by Samsung, SK Hynix, and Micron. CXMT is the first Chinese maker to crack 10%.
Xiaomi flagship debut — why does this matter more than the numbers?
Xiaomi confirmed its upcoming flagship will carry CXMT's latest-generation mobile memory, one of the technology's first commercial deployments.
This means → CXMT's chips have cleared flagship-grade performance and quality gates — no longer just "usable," but high-end ready.
The market is now speculating whether Apple could follow; GM Zhao Lun said CXMT is "open to working with global customers" but declined to comment on specific relationships.
What changed on the financial side?
First-half revenue grew nearly tenfold, and the company swung to profit.
This reflects two forces compounding: a sector-wide memory upcycle + CXMT's own share gains driving both volume and pricing power.
Zhao said the company's integrated manufacturing model lets it "dynamically adjust product mix and production pace," adding that some products can already compete with global leaders.
AI memory — can CXMT make HBM?
HBM — high-bandwidth memory, the module sitting next to AI chips to feed data at extreme speed — is the highest-margin segment in memory today.
Zhao did not directly address HBM progress, saying only that CXMT will "continue advancing along its roadmap."
Goldman Sachs has estimated CXMT could supply roughly half of China's DRAM demand and up to 40% of its HBM demand by 2028.
In plain terms = CXMT has proven itself in mobile memory, but AI storage is a higher bar — whether it can clear that bar is the market's single biggest open question.
市场有风险，内容仅供研究参考，不构成投资建议。