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CXMT debuts with US$487B market cap, becomes China's most valuable listed company
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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.
Source report
Its US$487 billion market value after its debut put it at around half the valuation of Micron and SK Hynix
Published: Mon, Jul 27, 2026 · 01:47 PM Updated: Mon, Jul 27, 2026 · 03:18 PM
China's DRAM champion, CXMT, has emerged as the country's most valuable listed company following its market debut, achieving a market capitalization of US$487 billion. This valuation places the company at roughly half the market value of industry giants Micron and SK Hynix.
The milestone underscores CXMT's rapid ascent in the global semiconductor memory market and its strategic importance to China's push for technological self-sufficiency.
Source
The Business TimesRegional
Part of this Story
CXMT Surges 472% on Debut, Becomes China's Most Valuable Listed Firm