CXMT shares surged more than 500 per cent in their Shangahi debut on Monday (Jul 27), highlighting strong investor backing for a homegrown chip champion.
CXMT surged 500% in Shanghai IPO, raising $8.6B as China's most valuable company and fourth-largest DRAM maker. Beijing's chip sovereignty push drives the rally, but CXMT's lag in advanced HBM means supply diversity matters more than technological parity for investors.
East Asia
CXMT shares surged more than 500 per cent in their Shangahi debut on Monday (Jul 27), highlighting strong investor backing for a homegrown chip champion.
The sign of ChangXin Memory Technologies (CXMT) in front of the company's headquarters in Hefei, Anhui Province, China, on Jul 27, 2026. (File photo: Reuters/cnsphoto)
28 Jul 2026 11:30AM
(Updated: 28 Jul 2026 11:33AM)
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