Chinese RAM company CXMT makes a $484 billion stock market debut
Previously, she was a writer and editor at MUO.The China-based memory firm ChangXin Memory Technologies (CXMT) had a massive first day on the Shanghai stock exchange after its shares surged 466 percent, as reported earlier by The Wall Street Journal and CNBC. The stock market frenzy boosted CXMT’s valuation to $484 billion, making it the most valuable Chinese company listed on the exchange.CXMT looks to challenge Samsung, Micron, and SK Hynix, which currently control the majority of the global memory market. But with demand from data-hungry AI giants straining the memory industry, device makers are searching for alternatives to keep costs low.A recent report from the Financial Times has suggested that Apple asked the Trump administration for permission to purchase CXMT memory, which the Pentagon has blacklisted.
- ▪Previously, she was a writer and editor at MUO.The China-based memory firm ChangXin Memory Technologies (CXMT) had a massive first day on the Shanghai stock exchange after its shares surged 466 percent, as reported earlier by The Wall Stree
- ▪The stock market frenzy boosted CXMT’s valuation to $484 billion, making it the most valuable Chinese company listed on the exchange.CXMT looks to challenge Samsung, Micron, and SK Hynix, which currently control the majority of the global m
- ▪But with demand from data-hungry AI giants straining the memory industry, device makers are searching for alternatives to keep costs low.A recent report from the Financial Times has suggested that Apple asked the Trump administration for pe
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| Publication time | 2026-07-27T10:27:16-04:00 |
| Retrieval time | 2026-07-27T14:31:14.916Z |
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TechCloseTechPosts from this topic will be added to your daily email digest and your homepage feed.FollowFollowSee All TechBusinessCloseBusinessPosts from this topic will be added to your daily email digest and your homepage feed.FollowFollowSee All BusinessNewsCloseNewsPosts from this topic will be added to your daily email digest and your homepage feed.FollowFollowSee All NewsChinese RAM company CXMT makes a $484 billion stock market debutIts shares soared 466 percent in the midst of a global memory shortage.Its shares soared 466 percent in the midst of a global memory shortage.by Emma RothCloseEmma RothNews WriterPosts from this author will be added to your daily email digest and your homepage feed.FollowFollowSee All by Emma RothJul 27, 2026, 2:27 PM UTCLinkShareGiftPhoto by Pedro…
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