Chinese memory and storage firm expected to post more than 60,000% jump in profits
From Tom's Hardware: Shenzhen Longsys Electronics, the Chinese parent company of Lexar, announced that it’s expecting a net profit of $1.36 to $1.62 billion (or 9.2 to 11 billion yuan) for the first half of 2026, smashing its year-ago profit of just $2.2 million. This represents an incredible jump...