[CXMT's first earnings as a public company show booming sales](https://www.marketwatch.com/story/microns-chinese-rival-just-reported-its-first-earnings-as-a-public-company-and-sales-are-booming-182c6a42?mod=mw_rss_topstories)—and the market is treating it like normal competition. Wrong. This is geopolitical supply-chain weaponization dressed up as earnings momentum. Beijing funded CXMT's ramp specifically to break US pricing power on memory chips.

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