Chinese memory chipmaker CXMT (688825.SH) is preparing to dabble into the flash memory chip market currently dominated by Samsung Electronics and other foreign peers, Reuters, citing three sources familiar with the matter, reported. The move would expand its customer base amid a global memory shortage.

CXMT plans to establish an R&D production line for NAND flash memory at its new Beijing plant, two sources said. One source said the company has also set up a research institute in Beijing, with projects including NAND development.

A third source said CXMT discussed its NAND plans with customers, including a newly established startup that intends to purchase CXMT's NAND chips for storage products used in AI systems and supercomputers.

It remains unclear when the R&D production line will begin operations, or whether CXMT plans to move from the R&D and pilot production stage to large-scale commercial manufacturing. According to research firm TrendForce, Samsung (005930.KS) was the world's largest NAND supplier by revenue in 2Q26 with a market share of 29.3%. SK Hynix (000660.KS) ranked second, followed by Micron Technology, Inc. (MU.US) from the US.

This also means that CXMT, which mainly focuses on DRAM, will wrestle with Chinese peer YMTC in one of the fastest-growing segments of the semiconductor industry.
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