China's hottest AI chip stock became its most valuable listed company on day one
By
Huileng Tan
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China's hottest AI chip stock became its most valuable listed company on day one
Chinese memory-chip maker CXMT became the mainland's most valuable listed company, overtaking ICBC after its blockbuster IPO.
TL;DRAI
CXMT surged 500% at Shanghai debut to $487B, becoming China's most valuable listed company. The IPO signals Beijing's chip self-sufficiency drive and positions CXMT at 18% global DRAM market by 2028, reshaping international supply chains.
500 words~2 min read
