CXMT's Shanghai debut rockets RAM maker to $484B valuation
TL;DR Summary
CXMT surged about 466% on its Shanghai IPO, valuing the memory maker at roughly $484 billion and making it the most valuable Chinese-listed company on the exchange. The company aims to challenge Samsung, Micron, and SK Hynix amid AI-driven demand, though its DDR5 chips are roughly a generation behind leaders. Reports also link Apple to a potential CXMT memory purchase, and Gigabyte along with Dell, HP, Lenovo, and Asus are exploring CXMT RAM to ease supply pressures; CXMT held about 8% of the global RAM market as of June 2026.
- Chinese RAM company CXMT makes a $484 billion stock market debut The Verge
- Chinese IPO Rattles Chip Stocks WSJ
- Xi Jinping, pioneering venture capitalist The Economist
- Chipmaker CXMT’s 466% market debut surge makes it the most valuable China-listed company CNBC
- How the 'twin stars' of China, CXMT and YMTC, changed the chip game Reuters
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