CXMT is nearing LPDDR6 production. The company that just IPO’d at 470% could give Samsung and SK Hynix a competitor in next-gen phone memory.

ChangXin Memory Technologies has nearly completed R&D verification for LPDDR6 smartphone memory at speeds of up to 12.8Gbps, China Business News reported. This is one of the final technical stages before trial production. CXMT could begin mass production in the second half of this year.