US chip giant Micron validates growth of China’s CXMT and YMTC amid tight memory market (opens original article in a new tab)

US chipmaker Micron validates the growth of China's memory chipmakers CXMT and YMTC while reporting strong financial results and forecasting continued tight market conditions due to AI demand.

• Micron acknowledges CXMT and YMTC's growth in capability and market share
• Micron reports record revenue and forecasts higher revenue for the next quarter
• AI demand is driving tight conditions in the memory market beyond 2027