Since the demand for artificial intelligence (AI) started rising exponentially over the past few years, the need for the hardware required to power it, especially memory chips, has also increased significantly.
With demand for memory outpacing supply, memory chip makers around the world have been raising the prices of their products. Samsung, being the world's largest memory chip manufacturer, has been one of the biggest beneficiaries of this trend.
However, seeing the soaring demand and thick profits, China's CXMT has decided to significantly expand its presence in the memory market. While the Chinese company is expected to grow rapidly, a new forecast about the DRAM market suggests that CXMT is unlikely to dethrone Samsung anytime soon or even have a significant impact on the South Korean tech giant.
According to a new report from Counterpoint Research, CXMT's share of the global DRAM market is expected to increase from around 8% in the first quarter (Q1) of 2026 to 11% by 2028.
Over the same period, Samsung's share is projected to decline from 36% in Q1 2026 to 34%. Even with that decline, Samsung is expected to remain the world's largest DRAM manufacturer.
Despite its rapid growth, CXMT is expected to remain the fourth-largest DRAM manufacturer by 2028. Samsung is projected to retain the top spot, followed by SK hynix and Micron with market shares of 29% and 23%, respectively, suggesting the memory chip industry's top three players are unlikely to change anytime soon.
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