Business · 1h ago
Chinese DRAM maker CXMT surges 466% in Shanghai IPO, focuses on memory chips
CXMT, a Chinese DRAM manufacturer, saw its shares jump 466% on its Shanghai IPO debut. The company plans to spend 29.5 billion yuan ($4.1 billion) on three DRAM production projects. Its IPO prospectus does not include any high-bandwidth memory (HBM) projects, focusing instead on traditional DRAM.
Meridian48 take
The massive IPO pop reflects investor hunger for domestic memory chips amid US-China tech tensions, but the lack of HBM plans may limit CXMT's competitiveness in AI-driven markets.
Read the full reporting
Chinese memory maker CXMT posts blistering 466% leap in Shanghai IPO — bulk of spending to be focused on DRAM production, no HBM in sight →
Tom's Hardware
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