# AI Storage

China’s Memory Powerhouse Longsys Forecasts 74,000% Profit Surge as AI and Chip Recovery Converge

Chinese memory leader Longsys has projected a massive H1 2024 profit increase of up to 743 times, driven by a recovering global semiconductor market and a surge in AI-related demand. The company also announced a key partnership with AMD to optimize storage efficiency for on-device AI applications.