Business · 2h ago
Lexar Owner Longsys Forecasts $1.5B Profit on AI Chip Demand
Longsys, parent of Lexar, expects 1H26 profit of nearly $1.5 billion, up from $2.1 million a year earlier—a 60,000% surge. The explosion is driven by AI-fueled demand for memory and storage chips. The company's forecast highlights the massive windfall for semiconductor firms from the AI boom.
Meridian48 take
The eye-popping percentage masks a tiny base, but the absolute profit jump underscores how AI demand is reshaping the memory chip market.
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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 →
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