China's CXMT jumps 471% on debut, riding AI memory boom to record IPO

Chinese memory maker CXMT jumps 460%+ in first day of trading - SiliconANGLE

CXMT raises $8.6 billion in IPO with +466% stock jump, valuing the fourth-largest global DRAM maker at $480 billion. Capacity doubling to 600k wafers/month signals China's push for DRAM self-sufficiency and reduced memory import reliance.