China’s CXMT posts first-half profit after revenue surge

CXMT, China’s largest chipmaker by ​market value, posted ​a sharp turnaround to profit in ​the first half on Friday in its first earnings release since listing, buoyed by surging prices and ‌sales ⁠of its ⁠memory products amid rising global demand for computing ​power.

First-half revenue soared 873.64% from a year ago ​to 150.3 billion yuan ($22.36 billion).

Net profit totalled 77.6 billion yuan, compared to a ​loss of 2.3 billion yuan ⁠in 2025.