28.07.2026, 00:12
The manufacturer of RAM has become the most expensive company in China
Source: OREANDA-NEWS
OREANDA-NEWS On the first day of trading in Shanghai, shares of Chinese chip manufacturer CXMT rose by almost 500 percent. This is reported by the Financial Times (FT).
The RAM manufacturer's securities have soared amid high demand for DRam chips, which are essential for AI. The company sought to raise almost $10 billion in the largest IPO in China since 2010. At the time of the IPO, CXMT shares were valued at 8.66 yuan, and since the opening of trading, they have risen to 49.50 yuan ($7.30) per share. As a result, CXMT became the most expensive company in China — its capitalization reached 513 billion dollars, more than that of Tencent, Alibaba, the largest banks in China, Intel, Coca-Cola and Netflix.
CMXT went public two weeks later, as South Korean memory chip manufacturer SK Hynix raised over $26 billion in a U.S. listing. The Chinese firm is raising funds to expand production, as well as research and development of DRam chips that store short-term memory in computers. The shortage of supply of such chips caused by demand from AI companies has created a shortage of supply, especially for consumer electronics manufacturers.
In early February, Lenovo, one of the leading computer manufacturers, recommended that users upgrade their devices as soon as possible amid rising prices. The main reason for the growth is the needs of data centers that process artificial intelligence requests.
The RAM manufacturer's securities have soared amid high demand for DRam chips, which are essential for AI. The company sought to raise almost $10 billion in the largest IPO in China since 2010. At the time of the IPO, CXMT shares were valued at 8.66 yuan, and since the opening of trading, they have risen to 49.50 yuan ($7.30) per share. As a result, CXMT became the most expensive company in China — its capitalization reached 513 billion dollars, more than that of Tencent, Alibaba, the largest banks in China, Intel, Coca-Cola and Netflix.
CMXT went public two weeks later, as South Korean memory chip manufacturer SK Hynix raised over $26 billion in a U.S. listing. The Chinese firm is raising funds to expand production, as well as research and development of DRam chips that store short-term memory in computers. The shortage of supply of such chips caused by demand from AI companies has created a shortage of supply, especially for consumer electronics manufacturers.
In early February, Lenovo, one of the leading computer manufacturers, recommended that users upgrade their devices as soon as possible amid rising prices. The main reason for the growth is the needs of data centers that process artificial intelligence requests.
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