CXMT and YMTC reshape the global chip landscape, and crypto miners should pay attention

Five years ago, ChangXin Memory Technologies had essentially zero presence in the global DRAM market. Today, the Chinese chipmaker controls an estimated 7.7% to 11.1% of worldwide DRAM capacity, and it’s aiming for 13.9% by 2027. Its compatriot Yangtze Memory Technologies Corp, better known as YMTC, has carved out roughly 11% to 13% of the global NAND flash market. Projections suggest it could hit 15% by 2028. The numbers behind the surge CXMT’s production ambitions are staggering. The company is targeting output of more than 300,000 wafers per month. CXMT’s DRAM modules are reportedly selling for around $150, compared to international averages of $300 to $400. In July 2026, CXMT cemented its growing influence with a $7 billion deal with ByteDance, the parent company of TikTok. YMTC first turned heads in 2019 with its 64-layer 3D NAND technology. Since then, YMTC has been on an aggressive expansion tear, with new plants under construction and mass production from those facilities expected by late 2026 or early 2027. Both companies benefit from massive state backing and a captive domestic market. Tech giants like Alibaba and Tencent provide a built-in demand floor that absorbs outpu...