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Topic: cxmt

A DDR memory module of the kind used in computers and servers
Companies
Saturday, 7/18, 07:30 AM

China Memory Maker CXMT Prices an $85 Billion Shanghai IPO

  • ChangXin Memory Technologies, China's biggest maker of the DRAM chips that power phones, PCs and AI servers, priced its Shanghai listing at 8.66 yuan a share, valuing the company at about 579 billion yuan ($85 billion) and raising at least $8.5 billion.
  • It is the largest share sale by a Chinese chipmaker on a mainland exchange, and a milestone in Beijing's drive for chip self-sufficiency.

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