CXMT's Shanghai debut rockets RAM maker to $484B valuation
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.