21:30
2026-08-02
fortune.com
artificial-intelligence
CXMT’s blockbuster IPO will test whether China’s memory makers are ready for the spotlight: ‘It does not yet mean China is broadly catching up’
ChangXin Memory Technologies (CXMT) shares surged over 500% in its Shanghai debut on July 27 and closed at 57.60 yuan ($8.50) on Friday, giving it a market capitalization of 3.54 trillion yuan ($523 b…