{"slug": "chinas-top-dram-maker-sets-date-for-us-4-3b-shanghai-ipo-amid-memory-boom", "title": "China’s top DRAM maker sets date for US$4.3b Shanghai IPO amid memory boom", "summary": "ChangXin Memory Technologies (CXMT), China's top DRAM maker, set a subscription date for its Shanghai IPO expected to raise at least 29.5 billion yuan (US$4.3 billion), making it the second-largest on the Star Market. The listing comes amid a global memory boom driven by AI and data-center demand, positioning CXMT to challenge market leaders Samsung, SK Hynix, and Micron.", "body_md": "# China’s top DRAM maker sets date for US$4.3b Shanghai IPO amid memory boom\n\nListing would rank behind only SMIC’s on Shanghai’s Star Market, as AI demand boosts memory-chip market\n\n[Howard Liu](/author/howard-liu)in Beijing\n\nChinese memory giant ChangXin Memory Technologies (CXMT) kicked off the final stage of its Shanghai listing, setting a subscription date for a share offering that is expected to raise at least 29.5 billion yuan (US$4.3 billion) and would rank as the second-largest on the tech-focused Star Market.\n\nChina’s leading DRAM maker, based in Hefei in the central province of Anhui, will hold its initial price consultation on Monday and open subscriptions on July 16.\n\n[initial public offering (IPO)](https://www.scmp.com/topics/ipo?module=inline&pgtype=article)will be one of China’s most closely watched this year, as Beijing seeks to channel more capital into strategically important chip companies amid a global memory upcycle driven by\n\n[artificial intelligence](https://www.scmp.com/topics/artificial-intelligence?module=inline&pgtype=article)and data-centre demand.\n\n[semiconductor](https://www.scmp.com/topics/semiconductors?module=inline&pgtype=article)market, as measured by regional application demand, was set to grow 93 per cent in 2026 to US$812.1 billion, with computing and data-storage applications accounting for more than 60 per cent of the total, market researcher Omdia said on Tuesday.\n\nThe country’s memory-chip market would grow 263 per cent in 2026 to US$449.6 billion, as AI infrastructure demand lifted storage requirements, it added.\n\nThat backdrop has strengthened the investment case for CXMT, the only home-grown DRAM producer with the scale to challenge the global market leaders, Samsung Electronics and SK Hynix of Korea and US firm Micron Technology.", "url": "https://wpnews.pro/news/chinas-top-dram-maker-sets-date-for-us-4-3b-shanghai-ipo-amid-memory-boom", "canonical_source": "https://www.scmp.com/tech/article/3359955/chinas-top-dram-maker-sets-date-us43b-shanghai-ipo-amid-memory-boom?utm_source=rss_feed", "published_at": "2026-07-09 06:49:57+00:00", "updated_at": "2026-07-09 06:53:55.355267+00:00", "lang": "en", "topics": ["artificial-intelligence", "ai-chips", "ai-infrastructure", "ai-startups"], "entities": ["ChangXin Memory Technologies", "CXMT", "Samsung Electronics", "SK Hynix", "Micron Technology", "Omdia", "Shanghai Star Market"], "alternates": {"html": "https://wpnews.pro/news/chinas-top-dram-maker-sets-date-for-us-4-3b-shanghai-ipo-amid-memory-boom", "markdown": "https://wpnews.pro/news/chinas-top-dram-maker-sets-date-for-us-4-3b-shanghai-ipo-amid-memory-boom.md", "text": "https://wpnews.pro/news/chinas-top-dram-maker-sets-date-for-us-4-3b-shanghai-ipo-amid-memory-boom.txt", "jsonld": "https://wpnews.pro/news/chinas-top-dram-maker-sets-date-for-us-4-3b-shanghai-ipo-amid-memory-boom.jsonld"}}