CXMT reports Q3 revenue of ~$16.7B, up 613.2% YoY, and a net profit of ~$8.17B, swinging to profitability on the back of rising AI-driven memory chip prices (Reuters)

China's CXMT reported third-quarter revenue of approximately $16.7B, up 613.2% year-over-year, and a net profit of approximately $8.17B, swinging to profitability on the back of rising AI-driven memory chip prices.