From CNBC, July 26:
- CXMT held a 7.67% share of the global DRAM market in 2025, according to its IPO prospectus.
- The Hefei-based company had raised 57.92 billion yuan ($8.6 billion) in its IPO.
- The company plans to use the IPO proceeds mainly for mass-producing memory wafers.
Shares of Chinese chipmaker Changxin Technology Group rose about 470% Monday as they debuted on Shanghai’s tech-heavy STAR Market.
The Hefei-based company raised 57.92 billion yuan ($8.6 billion) after pricing its IPO at 8.66 yuan per share. Shares surged to 49 yuan apiece on open.
Based on sales figures for the fourth quarter of 2025, CXMT held a 7.67% share of the global DRAM market in 2025, according to its IPO prospectus. DRAM chips are used in electronic devices ranging from smartphones to servers....
....MUCH MORE
The heart wants what the heart wants. And apparently in Shanghai the heart wants home-team memory chip stocks.
Previously:
May 2024 - "A New Era for the Chinese Semiconductor Industry: Beijing Responds to Export Controls"
January 18 - "The Chinese Company Taking On the World’s Memory-Chip Giants"
July 15 - "China memory giant CXMT valued at US$85 billion in record Shanghai IPO"
