Chinese memory chip stocks rallied on Monday after ChangXin Memory Technologies (CXMT) disclosed sharply stronger first-quarter results and an upbeat first-half outlook in its updated listing prospectus, as the global memory shortage boosts China’s semiconductor supply chain.GigaDevice, a chip designer and CXMT shareholder, rose 6.57 per cent on Monday to close at 400 yuan per share, taking its gain over the past month to more than 40 per cent. In Hong Kong, GigaDevice shares rose 8 per cent on May 18 to close at HK$587.50.Biwin Storage, one of CXMT’s largest vendors, jumped 8.10 per cent to 331.1 yuan per share, with its share price more than doubling since March.
SRCSouth China Morning Post
LANGEN
LEANCenter-Right
WORDS109
ENT9
MON · 2026-05-18 · 11:05 GMTBRIEF NSR-2026-0518-77175
NSR-2026-0518-77175News Report·EN·Technology
CXMT’s blowout earnings outlook fuels rally in Chinese memory chip stocks
Chinese memory chip stocks experienced a rally on Monday following positive news from ChangXin Memory Technologies (CXMT). CXMT released significantly stronger first-quarter results and provided an optimistic outlook for the first half of the year in its updated listing prospectus.
Howard LiuSouth China Morning PostFiled 2026-05-18 · 11:05 GMTLean · Center-RightRead · 1 min
South China Morning PostFIG 01
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1min
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109words
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Briefing Summary
AI-generatedNEWSAR · AI
Chinese memory chip stocks experienced a rally on Monday following positive news from ChangXin Memory Technologies (CXMT). CXMT released significantly stronger first-quarter results and provided an optimistic outlook for the first half of the year in its updated listing prospectus. This development is occurring amidst a global memory shortage that is benefiting China's semiconductor supply chain. As a result, GigaDevice, a chip designer and shareholder in CXMT, saw its shares rise 6.57% on Monday, contributing to a more than 40% gain over the past month. Biwin Storage, a major vendor for CXMT, also experienced a substantial increase, jumping 8.10% and more than doubling its share price since March.
Confidence 0.85Claims 4Entities 9
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The global memory shortage is boosting China's semiconductor supply chain.
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Biwin Storage shares jumped 8.10% to 331.1 yuan, more than doubling since March.
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GigaDevice shares rose 6.57% on Monday to 400 yuan, a gain of over 40% in the past month.
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Chinese memory chip stocks rallied on Monday following CXMT's stronger first-quarter results and upbeat first-half outlook.
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Full report
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8 termscxmt
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memory chip stocks
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chinese semiconductor supply chain
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earnings outlook
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global memory shortage
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gigadevice
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biwin storage
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stock rally
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