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Inside CXMT’s US$4.3b IPO: soaring profits meet US export threat and high-stakes HBM race

South China Morning Post / 02 July 2026 / 13h ago

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As China’s leading DRAM maker ChangXin Memory Technologies (CXMT) prepares for its expected 29.5 billion yuan (US$4.3 billion) Shanghai Star Market listing, the critical question facing investors is whether the firm can convert its cyclical windfall into permanent industry leadership. The Hefei-based chipmaker enters the market at a uniquely lucrative moment: a global memory shortage driven by sur

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Inside CXMT’s US$4.3b IPO: soaring profits meet US export threat and high-stakes HBM race

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