Analysis: China's Memory Chip Industry Strategy Involves Division of Labor Among CXMT, YMTC, and XMC

Researcher Schulz_Research stated that China's memory industry development is now divided among three key players: CXMT focuses on DRAM wafers, YMTC handles NAND and has begun integrating DRAM in new facilities, and XMC, controlled by YMTC, manages the stacking of both products. This structure aligns with Beijing's mandate requiring new factories to source at least half of their equipment domestically. YMTC's third phase in Wuhan is the first project to comply with these rules and is set to begin production later this year. CXMT currently operates three 300