Chinese memory chip makers CXMT and YMTC expand production to meet global shortage

China's top memory chip makers, CXMT and YMTC, are aggressively expanding production to capitalize on a global shortage. CXMT is significantly increasing DRAM production capacity in Shanghai, aiming for output to begin in 2027. YMTC is building a new factory with a focus on NAND and DRAM, also targeting 2027 for production start. Both companies are also investing in High Bandwidth Memory (HBM) production, a key component for AI, to meet high domestic demand.