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.

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

CXMT has received approval from the Shanghai Stock Exchange listing committee for its IPO. The Chinese memory chipmaker plans to raise RMB 29.5 billio…