How Does CXMT’s Valuation Compare With Competitors?
Despite its blockbuster debut, CXMT’s nearly $490 billion market cap is still significantly smaller than rivals SK Hynix’s $881 billion valuation and Micron’s $1 trillion valuation. Samsung Electronics, whose chipmaking division is the third of the big three memory chipmakers, has a market cap of $1.1 trillion. All three companies have seen their valuations soar amid an AI-driven surge in demand for high-speed memory chips. Earlier this month, SK Hynix raised $26.5 billion from its U.S. trading debut.
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What Do We Know About Apple’s Interest In CXMT?
The AI-driven memory chip buying frenzy has significantly affected consumer electronics and forced the makers of smartphones, laptops, video game consoles, and other devices to raise prices. Last month, Apple announced an across-the-board increase in the prices of its Mac computers, iPads and other devices. Ahead of the price increase, Apple CEO Tim Cook was asked by the Wall Street Journal about the company potentially sourcing Chinese memory chips, and he said: “I think everything needs to be on the table…I think we should look at all supply.” CXMT is currently on a Pentagon blacklist for alleged ties to the Chinese military; however, the Financial Times reported last month that Apple has been lobbying the Trump administration for a waiver to buy its memory chips.
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further reading
Apple seeks to buy memory chips from blacklisted Chinese company (Financial Times)
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