CXMT plans $5.6 billion IPO as China pushes for semiconductor self-sufficiency
ChangXin Memory Technologies (CXMT) is on its way to a 300 billion yuan ($42.12 billion) valuation if it successfully lists on Shanghai's STAR market and raises as much as $5.6 billion in its upcoming IPO. With AI demand tightening global DRAM supplies and ongoing geopolitical tensions, CXMT's debut could become a significant step in China's [...]