Overview
- CXMT, which Reuters and other outlets reported on Friday, is preparing an R&D production line for NAND flash at a new Beijing plant and has set up a Beijing research institute working on NAND.
- The company has held early talks with potential customers, including a newly formed startup that plans to buy NAND for AI storage and supercomputer products.
- Markets reacted to the reports with CXMT shares rising about 3.4 percent to CNY 55.29 on the day of the coverage.
- The move would put CXMT in direct competition with global NAND leaders such as Samsung, SK Hynix and Micron and with China’s domestic NAND specialist YMTC.
- Key unknowns remain about when R&D production will begin and whether CXMT will scale to large-scale commercial NAND manufacturing, a gap that matters because tight NAND supply driven by AI demand is expected to persist through at least 2027 and could shape China’s push for self-sufficiency.