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

Longsys, a major Chinese manufacturer of memory and storage solutions and owner of Lexar, is set to report an astronomical 60,000% surge in profits for the first half of 2026, projecting nearly $1.5 billion in earnings compared to just $2.1 million last year. This dramatic jump is attributed to an AI-driven chip shortage that has skyrocketed demand for its products. This surge underscores the broader tech industry's struggle with supply chain issues, revealing how critical components are inflating profits for companies that can meet the unexpected demand.