Is CXMT real threat to memory dominance of Samsung, SK hynix?

During Thursday's trading session, SK Group Chairman Chey Tae-won purchased 4.9 billion won ($3.41 million) in SK hynix shares for the first time, buying just below the threshold that would have required him to disclose the transaction plan 30 days in advance. SK Group said the purchase reflected Chey's view that the recent sell-off in SK hynix shares had been excessive and his confidence in the company's competitiveness. SK hynix shares hit an all-time intraday high of 2.987 million won on June 25 before tumbling to 1.322 million won at Thursday's close. Although the stock rebounded on Friday, investors are still concerned that global Big Tech companies’ artificial intelligence (AI) infrastructure spending may have peaked, and the memory chip market may face a supply glut. At the center of those fears is China’s ChangXin Memory Technologies (CXMT), whose blockbuster stock market debut has reignited concerns over the future balance of the global memory market. The Chinese DRAM maker raised 12.56 trillion through its initial public offering on July 27, fueling expectations that the f