BUSINESSSCMP CHINA
Inside CXMT’s US$4.3b IPO: soaring profits meet US export threat and high-stakes HBM race
ChangXin Memory Technologies (CXMT), China’s leading DRAM maker, is set to list on the Shanghai Star Market with a US$4.3 billion IPO amid a global memory shortage driven by artificial intelligence demand. The company faces challenges from potential US export threats and competition in the high-bandwidth memory (HBM) market.
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