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
By
Jowi Morales
1d agoen
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Tom's HardwareChinese 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 yeartomshardware.comChinese memory and storage manufacturer Longsys expects to post a massive increase in profits due to the AI-driven chip shortage.
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