Tencent just signed a supply deal with CXMT worth almost 3 billion dollars. Sounds scary, right? Except that deal is for basic DRAM, not AI memory. And even then, CXMT's yields only climbed from 20 percent to 80 percent over the past year. TechInsights says there's still a 3 year technology gap between CXMT and the real players. Speaking of real players. SK Hynix stock is up over 700 percent in the past year. Micron crossed a 1 trillion dollar market cap. And HSBC just came out saying SK Hynix could still climb another 20 percent from here, even after this massive run. Here's another number nobody's talking about. SK Hynix and Samsung together are planning to spend over 518 billion dollars building new chip factories in South Korea. That's not what companies scared of Chinese competition do. That's what market leaders do when demand is bigger than supply. Even CXMT knows it's not caught up yet. It's reportedly planning its own IPO to raise fresh cash, specifically to fund more resea...