Finance·Jul 28, 2026
China's CXMT Surges 466% in Shanghai Debut as AI Chip Demand Fuels Record IPO
The DRAM maker raised $8.6 billion and achieved a $487 billion market cap, but US export controls and equipment restrictions cast shadows over its ambitions to challenge Samsung and SK Hynix
By Cheng Wei-Lun · 3 min ·
