CXMT’s blockbuster IPO will test whether China’s memory makers are ready for the spotlight: ‘It does not yet mean China is broadly catching up’

Biztoc.com - 2. august 2026

CXMT’s blockbuster IPO will test whether China’s memory makers are ready for the spotlight: ‘It does not yet mean China is broadly catching up’

Chinese chipmaker ChangXin Memory Technologies, or CXMT, became the country’s most valuable company almost overnight. CXMT’s shares surged over 500% in its Shanghai debut last Monday (July 27) and rallied throughout the week, jumping 8.95% on Friday to close …

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