Explore the latest developments concerning China memory chipmaker.
China memory chipmaker CXMT skyrockets 470% in Shanghai debut
Shares of chipmaker Changxin Technology Group rose about 470% Monday as they debuted on Shanghai's tech-heavy STAR Market, making CXMT the most valuable China-listed company.
The Hefei-based company raised 57.92 billion yuan ($8.6 billion) after pricing its IPO at 8.66 yuan per share, making it Asia's biggest so far this year.
CXMT shares surged to over 49 yuan apiece on open, giving the company a market cap of about 3.3 trillion yuan.
Based on sales figures for the fourth quarter of 2025, CXMT held a 7.67% share of the global DRAM market in 2025, according to its IPO prospectus. DRAM chips are used in electronic devices ranging from smartphones to servers.
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