Chinese memory and storage firm expected to post more than 60,000% jump in profits due to exploding demand — Lexar owner Longsys forecasts nearly $1.5 billion profit for 1H26 compared to $2.1 million last year

Chinese memory and storage manufacturer Longsys expects to post a massive increase in profits due to the AI-driven chip shortage.

Source: Tom's Hardware — read the full report at the original publisher.

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