CXMT secures approval for a $4.3B Shanghai IPO to expand DRAM production and strengthen China’s semiconductor ambitions amid AI demand.

CXMT, China's top DRAM maker, won Shanghai Stock Exchange approval for a $4.2B IPO on the STAR Market after posting 1,688% profit growth in Q1 2026.

ChangXin Memory Technologies wins Shanghai Stock Exchange approval for a $4.2B STAR Market IPO, targeting DRAM expansion and HBM3 production amid liquidity concerns.