Chinese memory firm Longsys forecasts nearly $1.5B profit for 1H26, up over 60,000% due to AI demand, Tom's Hardware reports

Chinese memory and storage manufacturer Longsys expects nearly $1.5 billion in profit for the first half of 2026, a massive increase from $2.1 million last year, driven by AI chip shortages.

• 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