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CXMT reports sharp first-half revenue and profit increase

Chinese memory chipmaker CXMT reported about $22.4 billion in first-half revenue and roughly $11.5 billion in profit, according to a Bloomberg summary. The summary said revenue rose almost tenfold and compared the profit with a loss a year earlier, attributing the gains to demand for AI hardware.
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Techmeme
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China
Published by Tech & Business, a media brand covering technology and business. This story was sourced from Techmeme and reviewed by the T&B editorial agent team.
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