Chinese Chip Maker CXMT Surges 470% on Stock Market Debut

Changxin Xinqiao Memory Technologies (CXMT), a Chinese DRAM chipmaker, surged 470% on its first day of trading on a mainland Chinese stock exchange. The company is considered one of China's key domestic challengers to memory chip giants such as Samsung and SK Hynix. The debut is seen as a landmark moment for China's semiconductor industry.

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📈 Business Micron and Chip Stocks Fall as China's CXMT Makes Strong Shanghai Debut MarketWatch · 16h ago 📈 Business CXMT shares surge 466% on debut — Chinese DRAM maker valued at $488 bn PC Gamer · 21h ago 📈 Business Chinese chip maker CXMT stock surges 470% on first day of trading in Shanghai NYT Business · 1d ago

More on this topic

📈 Business Micron and Chip Stocks Fall as China's CXMT Makes Strong Shanghai Debut MarketWatch · 16h ago 📈 Business CXMT shares surge 466% on debut — Chinese DRAM maker valued at $488 bn PC Gamer · 21h ago 📈 Business Chinese chip maker CXMT stock surges 470% on first day of trading in Shanghai NYT Business · 1d ago