CXMT runs 66% operating margins as China's memory chip hill-climb strategy pays off
PAstynome · x · 2026-10-28
Kyle Chan sums up China's memory strategy: even a generation or two behind on tech, with poor yields, high prices and lacking the best equipment, "the market economics don't make sense, but there's a national need—so you hill-climb." The reposter adds that CXMT's operating margins are 66%, letting it expand without tapping capital markets—sky-high margins despite poor yield economics, though industry-wide expansion will dilute them.
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