The Economic Times

Global Market: Why Chinas CXMT is putting global memory chip giants under pressure

Global semiconductor stocks tumbled as Chinese chipmaker CXMTs reported progress on a new memory chip design raised concerns about intensifying competition. Samsung, SK Hynix and Micron face potential pricing pressure as Chinese manufacturers seek to narrow the technology gap. The selloff also reflects growing scrutiny of AI valuations and whether heavy investment in AI infrastructure will deliver sustainable returns.