Schulz Duggan(@Schulz_Research):$MU $TSM $CXMT CXMT's expansion deserves a place in the DRAM bull case. Charles Kau says 10 fabs are being expanded, with capacity expected within two years. TechNews reported his warning on Nov. 10. DIGITIMES followed on Nov. 11, quoting his skepticism about TSMC entering 3D DRAM. The expansion figures remain Kau's account, pending independent verification against CXMT's project disclosures. My concern is how additional supply travels through the market. If CXMT supplies more Chinese demand locally, overseas suppliers could lose orders even without CXMT exporting those chips. That would put pressure on pricing if supply grows faster than demand. For Micron, I'd watch CXMT's qualified output, customer adoption and DRAM contract prices. The investment risk becomes measurable as those numbers move.

2026.11.11 07:58

$MU $TSM $CXMT CXMT's expansion deserves a place in the DRAM bull case. Charles Kau says 10 fabs are being expanded, with capacity expected within two years. TechNews reported his warning on Nov. 10. DIGITIMES followed on Nov. 11, quoting his skepticism about TSMC entering 3D DRAM. The expansion figures remain Kau's account, pending independent verification against CXMT's project disclosures. My concern is how additional supply travels through the market. If CXMT supplies more Chinese demand locally, overseas suppliers could lose orders even without CXMT exporting those chips. That would put pressure on pricing if supply grows faster than demand. For Micron, I'd watch CXMT's qualified output, customer adoption and DRAM contract prices. The investment risk becomes measurable as those numbers move.