Chinese chipmaker CXMT shares soar in blockbuster listing
People walk past the headquarters of ChangXin Memory Technologies (CXMT) in Hefei, in China's eastern Anhui province on July 16, 2026. (Photo by CN-STR / AFP)
China's leading memory chipmaker CXMT became the most valuable company in the mainland after soaring 500 percent on its market debut July 27, underscoring the impact of AI-driven demand on the semiconductor sector.
The race to build data centres that power artificial intelligence has fuelled a major global memory chip shortage and caused business to boom for the companies that produce them.
ChangXin Memory Technologies (CXMT) is the world's fourth-largest maker of DRAM memory chips, with nearly 8 percent market share.
