Chinese chipmaker shares surge 470% in blockbuster stock market debut

The company's shares soared by 470% in its market debut, as the AI boom drives chip demand.

CXMT Founder Zhu Yiming Pledges $5.6 Billion in Worker Bonuses After China IPO

Zhu Yiming just joined a growing number of billionaires who have amassed great wealth in the race between the US and China for global tech dominance.

By Diana Li and Pui Gwen Yeung

China’s CXMT Stock Soars 470% in Start of Trading, Amid A.I. Race

The meteoric rise on its first day of trading catapulted CXMT, China’s leading memory chip maker, to being the most valuable company on the Shanghai stock exchange.

By Steve Lohr

Chinese chipmaker CXMT soars almost 500% in market debut

IPO is biggest in mainland since 2010 and reflects booming demand for AI memory chips

China memory chipmaker CXMT skyrockets 470% in Shanghai debut

The Hefei-based company raised 57.92 billion yuan ($8.6 billion) after pricing its IPO at 8.66 yuan per share.

China’s CXMT shares rise 472% on Star Market debut, valuing DRAM maker at US$489 billion

Shares of ChangXin Memory Technologies (CXMT), China’s leading maker of dynamic random-access memory (DRAM) chips, rose 472 per cent on their Shanghai trading debut, giving the company a market capitalisation of 3.31 trillion yuan (US$489 billion). The Hefei-based company opened at 49.50 yuan on the Star Market on Monday morning, compared with its initial public offering (IPO) price of 8.66 yuan. The size of the closely watched offering, up to 66.6 billion yuan, is set to surpass the 53.2...

By Howard Liu

Fivefold increase for Chinese chip maker CXMT in Shanghai debut

CXMT closed its first day of trading with a market capitalization of $85 billion

By Jules Rimmer

Why CXMT skyrocketed on stock market debut to become China’s most valuable listed company

ChangXin Memory Technologies or CXMT, China's largest manufacturer of DRAM chips, raised 57.92 billion yuan ($8.6 billion) through Asia's biggest initial public offering this year.

By TOI BUSINESS DESK

Where CXMT’s IPO money is going: The DRAM gap Korea left

ChangXin Memory Technologies surged 472 percent at the opening of its Shanghai debut on Monday, briefly becoming China’s most valuable domestically listed company with a market capitalization of about 3.3 trillion yuan ($487 billion). But the line that matters most to Korea’s memory industry has been hiding in plain sight for months. In its listing prospectus, CXMT said it would deploy 29.5 billion yuan. Nearly 70 percent, or 20.5 billion yuan, goes to wafer lines and upgrading DRAM processes it

By The Korea Herald

Mediacorp artiste Gladys Bay wins Outstanding Asian Star award for Singapore at Seoul International Drama Awards

Gladys Bay won for her role as Bella in the Mediacorp Chinese drama, Under The Net.

China chipmaker CXMT shoots skyward in blockbuster Shanghai listing

Shares of CXMT, China's largest memory chipmaker, shot skyward Monday as they began trading in Shanghai in mainland China's biggest initial public stock offering in recen...