China’s CXMT Just Beat Micron (MU) to a Next-Gen Memory Milestone

TLDR

• China’s CXMT claims it has achieved the world’s first commercial deployment of LPDDR6 memory chips
• CXMT will supply LPDDR6 for Xiaomi’s 18 Fold foldable smartphone
• This marks the first time a Chinese memory company may have reached a cutting-edge standard ahead of Micron, Samsung, and SK Hynix
• CXMT is also suing the Pentagon to be removed from a “Chinese military company” blacklist
• The Roundhill Memory ETF (DRAM) offers exposure to both Micron (25% weighting) and CXMT (4.95% weighting)

Micron Technology (MU) was up around 1% in premarket trading Friday, even as a Chinese rival made a move that caught the memory chip industry off guard.

Micron Technology, Inc., MU

ChangXin Memory Technologies (CXMT) announced via social media that it has started mass production of LPDDR6 memory, the next generation of memory chips used in smartphones and other devices. The chips will debut in Xiaomi’s 18 Fold foldable smartphone.

LPDDR6 is a major step up from LPDDR5. It uses PAM3 signaling, which encodes more information per symbol, and pushes data transfer rates to 43.2 GT/s. The I/O width also drops from 32 bits to 24 bits, requiring changes at both the hardware and software level.

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