China's CXMT plans a $4.2 billion IPO and comprehensive supply chain to challenge Samsung, SK Hynix, and Micron in the global DRAM memory chip market.

Listing would rank behind only SMIC’s on Shanghai’s Star Market, as AI demand boosts memory-chip market.

CXMT is building a vertically integrated DRAM supply chain in China, targeting 20% global market share by 2030 to challenge Samsung, SK Hynix, and Micron.