Chinese chipmaker CXMT soars almost 500% in market debut

Chinese chipmaker CXMT surged nearly 500% on its first day of trading in Shanghai, marking the biggest IPO in mainland China since 2010 and reflecting booming demand for AI memory chips.

Chinese chipmaker CXMT soars almost 500% in market debut Source: Financial Times Technology https://www.ft.com/technology IPO is biggest in mainland since 2010 and reflects booming demand for AI memory chips Get AI news in your inbox Daily digest of what matters in AI. Get AI news in your inbox Daily digest of what matters in AI.