Chinese Memory Chip Makers Gain Power Amid US Scrutiny

For months, Chinese chip manufacturer ChangXin Memory Technologies (CXMT) had been raising prices on Huawei, a major tech company in China. The standoff between CXMT and Huawei came to a head on the factory floor in June. Executives at SiCarrier, a Huawei-connected equipment vendor, saw the confrontation as a power struggle between the two companies. The clash highlights the shifting dynamics in China’s semiconductor industry, with CXMT now one of the world’s top memory makers. CXMT and its counterpart YMTC have seen a surge in demand for memory chips due to the global expansion of AI data centers. This has…