The Point for Asia Pacific

The Point for Asia Pacific is a Citi summary publication of recently published research notes. Key views include: Global Semiconductors - CXMT announced plans for a new generation of DDR5 RDIMM using its 4F2 DRAM architecture, potentially raising net dies by ~30% vs. 6F2; however, we view supply concerns as overdone given CXMT is developing 4F2 on legacy 1y-nm with mass production unlikely before 2028 and costs 10-20% higher, so impact on global DRAM supply should remain limited (Peter Lee, Atif Malik). China Banks 3Q26E Preview - covered banks' revenue growth could accelerate to +8.8% y-y, with earnings +5.5% y-y; big and regional banks continue to outperform shareholding banks;