[Perspective: The issue for ChangXin Memory lies not in 'whether' but in 'when' it can rank among the world's top three memory manufacturers] In the second quarter of 2026, traditional DRAM prices rose quarter-on-quarter, while HBM prices declined year-on-year. The drop in average HBM prices was particularly noticeable, primarily due to price reductions for existing HBM3E products and delays in the release of HBM4. However, as traditional DRAM prices continue to rise, HBM prices are expected to rebound next year. Counterpoint Research's Vice President of Research stated: The most noteworthy development in the second half of 2026 will be how ChangXin Memory leverages its recent IPO to further expand HBM and LPDDR6 production capacity. If ChangXin Memory can scale up production to meet domestic and international market demand, its market share is likely to increase further, potentially reshaping the competitive landscape.