Listing comes as chipmakers accelerate investment amid global semiconductor shortage

From a Silicon Valley garage to China’s largest DRAM maker and a US$4.4 billion IPO, Zhu reportedly refused pay until CXMT became profitable.

China's leading memory chipmaker, CXMT, is set to debut on the Shanghai Stock Exchange on July 27 after launching a 29.5 billion yuan IPO, expected to be Asia's largest this year.

Listing comes as chipmakers accelerate investment amid global semiconductor shortage

ChangXin Memory Technologies plans an $8.5 billion IPO to expand DRAM production, support AI demand, and strengthen China's semiconductor self-reliance.

ChangXin Memory Technologies, China's leading DRAM memory chipmaker, priced its long-awaited Shanghai initial public offering on Tuesday, paving the way for subscriptions in what…