CXMT debuts with US$487B market cap, becomes China's most valuable listed company

Published Jul 27, 05:47 AM UTC

China's DRAM manufacturer CXMT made a landmark debut on the stock market, achieving a market capitalization of US$487 billion. This valuation places it at roughly half the market value of global memory chip giants Micron and SK Hynix. The listing makes CXMT the most valuable publicly traded company in China, highlighting the rapid growth and strategic importance of China's domestic semiconductor industry. The article explores the factors behind CXMT's rise, including state support, technological advancements, and market demand, positioning it as a key player in the global DRAM market.