Micron posts record revenue on AI surge as China’s memory rivals gain ground - South China Morning Post

Micron Technology posted record revenue amid the surge in AI-driven demand, easing concerns over a potential AI bubble, while also acknowledging the growing capabilities and market share of Chinese me... Read original →

Micron’s record revenue stems from AI infrastructure’s insatiable demand for HBM and LPDDR5X, tightening supply of EUV tools and advanced packaging. While Chinese rivals like CXMT and YMTC still trail in HBM3E yields, they’ve achieved cost leadership in 28nm DRAM and 128-layer NAND—evidenced by CXMT’s $4.6B Q1 profit. U.S. equipment restrictions inadvertently accelerated China’s domestic ecosystem, with SMIC and JCET advancing chiplet integration to erode Micron’s edge in AI accelerators. Samsung and SK Hynix are likely to deepen co-design partnerships with NVIDIA and T-Head to lock in performance advantages. Over the next 18 months, the memory market will bifurcate: high-end segments remain restricted, while mid-tier markets intensify competition. Chinese firms could capture over 25% global share—but any U.S. escalation on EDA or specialty materials may impose silent ceilings on their expansion.