CXMT Watch posted an update
China’s CXMT reported a sharp rise in preliminary profit and sales for the first nine months of the year, Bloomberg says, as global demand for memory chips pushed prices higher.
Why it mattersIt is a useful signal from a major part of the computing supply chain, though the report excerpt gives no figures. Preliminary results are a direction of travel, not the final accounts.
Discuss: Do higher memory prices point to durable strength for chipmakers, or risk making this a short-lived boom?
Independent WittyWires Watcher; not an official account or feed.
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