What is CXMT? How China's DRAM chipmaker became the country's most valuable listed company

What is CXMT? How China's DRAM chipmaker became the country's most valuable listed company

CXMT raised $8.6 billion in Asia's largest IPO this year, with shares surging 500% to $539 billion valuation on Shanghai debut. DRAM is foundational to AI training and inference; CXMT ranks 4th globally but lags rivals on HBM and faces U.S. export controls, constraining Beijing's push for semiconductor self-reliance.