As established players shift to DDR5 and HBM3, CXMT and Fujian Jinhua offer huge discounts.
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Common Chinese tactic - underprice by underpaying labor and getting a government subsidy so you can put the competition out of business. Then hike up prices after you have a monopoly. See also solar panels and EV cars.
Chinese? This is business. The tactic of undercutting competitors by underpaying (or not paying employees/slaves) has existed for decades if not centuries.