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Chipmaker CXMT surges over 470% in STAR Market debut
Tech Brief (July 28): Chipmaker CXMT Surges 470% in STAR Market Debut
Momenta launches Robovan business in Suzhou, Meituan upgrades local-services AI assistant and agent platform
TL;DRAI
CXMT surged 470% on Shanghai STAR debut to $487B—China's most valuable stock. The IPO drained market liquidity, underscoring Beijing's memory-chip sovereignty play and forcing enterprise teams to recalibrate sourcing amid chip decoupling.
132 words~1 min read
