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The growth of ChangXin is real, and its position is solid. It's not without reason that it's being chased by the market.

I need to make the other half clear, otherwise it would just be pumping the stock.

The core reason ChangXin is being rewarded is actually the four words "domestic and self-developed" — at a time when high-end memory imports are restricted, the ability to "produce DRAM on a large scale domestically" has itself become a scarcity. But this layer of scarcity is given by "self-developed," not by "technologically strongest."

In terms of technology and scale, it's still a catch-up player:

It holds about 7.67% of the global DRAM market share, ranking fourth; while Samsung and SK Hynix together account for over 70%, with the share of a single one of them being four to five times that of ChangXin.

$CXMT(688825.SH)$Micron Tech(MU.US)$SK Hynix(SKHY.US)