State-backed DRAM supplier rides AI boom to record IPO despite valuation concerns

CXMT Corp raises $8.6 billion in Asia's largest IPO of 2026 ahead of its Shanghai STAR Market debut, fueled by 700% revenue growth and surging AI

China's largest memory chipmaker made a blockbuster debut on the Shanghai Stock Exchange's STAR Market on Monday as experts pointed to growing signs of a structural bull run in…

DRAM supplier's H1 earnings swing underscores pricing strength in sector

State-backed DRAM supplier rides AI boom to record IPO despite valuation concerns

China's leading memory chipmaker CXMT became the most valuable company in the mainland after soaring 500 percent on its market debut Monday, underscoring the impact of AI-driven…