China's ChangXin Memory Technologies (CXMT) became the country's most valuable listed company after its shares surged 470% on their Shanghai debut. The blockbuster listing, Asia's largest IPO this year, highlights strong investor confidence in China's semiconductor ambitions as Beijing pushes for greater technological self-reliance amid global chip competition.

CXMT is China’s biggest memory chipmaker and its debut comes amid an AI-driven demand boom that has boosted the stock price of its rivals Micron, Samsung and SK Hynix.

China's leading memory chipmaker, ChangXin Memory Technologies, made a blockbuster debut on Shanghai's STAR Market on Monday, becoming the most valuable stock on China's A-share…

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…

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…