China's leading memory chip maker CXMT is emerging as a potential alternative source of memory for a market under strain from the AI boom, observers say.

CXMT surged over 500% in its Shanghai debut, becoming China's most valuable listed company. Here's why the DRAM chipmaker is crucial to AI and Beijing's chip ambitions.

SHANGHAI — China's leading memory chipmaker CXMT became the most valuable company in the mainland after soaring more than 500 percent on its market...

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