SCMP Tech3d agoBusinessChina
ChangXin Memory Technologies Eyes Shanghai Listing Amid Memory Boom
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- China's CXMT is set for a 29.5 billion yuan IPO on Shanghai's Star Market.
- The memory chipmaker benefits from a global shortage driven by AI demand, reporting a 719% revenue jump in Q1.
- CXMT is securing orders from tech giants like Tencent and ByteDance, and Apple is lobbying for clearance to buy from them.
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China's CXMT is set for a 29.5 billion yuan IPO on Shanghai's Star Market. The memory chipmaker benefits from a global shortage driven by AI demand, reporting a 719% revenue jump in Q1. CXMT is securing orders from tech giants like Tencent and ByteDance, and Apple is lobbying for clearance to buy from them.
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This article was originally published by SCMP Tech.
