CXMT to Overtake Micron as World’s Third Largest DRAM Supplier by 2026

China-based memory maker CXMT is projected to overtake Micron and claim the position of the world's third-largest DRAM supplier by the end of 2026. This shift matters to the global hardware market because it signals a major redistribution of supply power away from the traditional Western-dominated trio. Buyers and system integrators should anticipate increased competition in the mid-range memory segment as CXMT scales its production. The move also highlights the rapid financial recovery of Chinese semiconductor manufacturing capabilities.

Chinese memory maker scales production to challenge Micron's global standing

CXMT currently holds the fourth-largest global DRAM vendor title. The company achieved its first annual net profit in 2025, recording 1.875 billion RMB against a 41.02% gross margin. This financial milestone underscores the company's transition from a loss-making entity to a profitable manufacturer. The company plans to raise 29.5 billion RMB through an initial public offering on the science and technology innovation board to fund further expansion.

Production capacity serves as the primary driver for CXMT's projected market share growth. The company expects its monthly output to reach 350,000 wafers by the end of 2026. This figure will expand to 500,000 wafers monthly by 2028. CXMT's global DRAM market share is projected to rise from 11% in 2025 to approximately 17% in 2028. These capacity increases directly support the revenue forecasts provided by industry analysts.

High-bandwidth memory remains a current bottleneck for CXMT despite its general DRAM growth. The company currently produces approximately 5,000 wafers per month for HBM applications. Yield challenges persist in mass-producing HBM3 8-hi configurations. Analysts project that HBM capacity will reach 100,000 wafers per month by 2028, capturing 12% of the global market. This growth path requires significant technological improvements over the next few years.

SemiAnalysis forecasts that CXMT's full-year revenue will exceed 50 billion USD in 2026. The company's first-quarter 2026 revenue reached 50.8 billion RMB, representing a 719.13% year-over-year increase. We looked at Alibaba Unveils Zhenwu M890 AI Chip earlier while tracking Cxmt launches. The confirmed financial data and capacity plans provide a clear roadmap for CXMT's rise in the global memory hierarchy.