China Hails CXMT Debut as Challenge to Global Memory Chip Leaders
The debut lifted CXMT to a near-3.7 trillion yuan valuation and fueled concern that tighter DRAM supply could keep pressure on Micron.
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China demonstrates ability to overcome AI compute shortage
China’s chipmakers saw a 2,850% jump in first-half profits, suggesting Beijing’s efforts to build a domestic semiconductor industry are starting to pay off. The momentum was further bolstered by the blockbuster listing of memory chipmaker CXMT, seen as China’s best hope of building self-sufficiency. CXMT’s stock soared 466% on debut, while shares in Dutch tech giant ASML sank on a report that a Chinese state-backed company is starting to mass-pr…
Chinese Chipmaker, CXMT, Surges 465% on IPO Day, Here’s What It Means For Micron
China's CXMT just pulled off the biggest semiconductor IPO in mainland history, and Micron shareholders felt the tremors almost immediately. Whether that reaction is panic or opportunity depends on one critical gap between the two chipmakers.
China In Photos: China's leading memory chipmaker CXMT shares soar in record IPO debut
Chinese memory chipmaker ChangXin Memory Technologies (CXMT) closed at 49 yuan (about $7.22) on its Shanghai STAR Market debut Monday, up 465.82 percent from its IPO price of 8.66 yuan, with full-day turnover surpassing 140 billion yuan.
China's ChangXin Memory Technologies (CXMT) memory manufacturer has signed one of the most spectacular stock market introductions in recent years. First quoted on the Shanghai Stock Exchange's STAR market this July 27, the company saw its stock take off in the first few hours of trading, demonstrating enthusiasm [...] The CXMT article scares the markets: the action of China's DRAM memory giant flew away by 466% when it first appeared on Hardware…
Read the full article on stephaneLarue.com CXMT, a Chinese memory chip manufacturer, jumped 466% when it came to Shanghai, becoming China's largest market capitalization.
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