China's CXMT leads global DRAM revenue surge with 716% year-on-year jump

China’s ChangXin Memory Technologies (CXMT) has emerged as the world’s fastest-growing DRAM manufacturer, with second-quarter revenue surging 716% year-on-year, according to new data from Counterpoint Research.

The Chinese memory specialist’s explosive growth underscores the accelerating shift in the global memory landscape, driven by robust domestic demand and aggressive capacity expansion following its earlier listing this year.

Taiwan’s Nanya Technology followed closely behind, recording a 690% year-on-year revenue increase for the same period.

Taiwan’s Nanya Technology followed closely behind, recording a 690% year-on-year revenue increase for the same period.

The parallel surges highlight the intense competitive dynamics within the DRAM sector, where both Asian manufacturers are capitalizing on the broader industry upcycle.

Counterpoint attributes CXMT’s rapid ascent primarily to strong internal demand within China and its ongoing efforts to scale production capabilities.

This growth trajectory aligns with wider industry trends, as average selling prices for conventional DRAM and NAND flash memory reached monthly record highs in July.