{"id":20619,"date":"2026-07-29T05:23:23","date_gmt":"2026-07-29T00:23:23","guid":{"rendered":"https:\/\/usnews-14267fa.ingress-comporellon.ewp.live\/?p=20619"},"modified":"2026-07-29T05:23:23","modified_gmt":"2026-07-29T00:23:23","slug":"china-hails-cxmt-debut-as-challenge-to-global-memory-chip-leaders","status":"publish","type":"post","link":"https:\/\/usnews-14267fa.ingress-comporellon.ewp.live\/?p=20619","title":{"rendered":"China hails CXMT debut as challenge to global memory chip leaders"},"content":{"rendered":"<p><script>\r\n  atOptions = {\r\n    'key' : '644b717812d811d6a1c1fc5b6ccd6fa6',\r\n    'format' : 'iframe',\r\n    'height' : 90,\r\n    'width' : 728,\r\n    'params' : {}\r\n  };\r\n<\/script>\r\n<script src=\"https:\/\/www.highperformanceformat.com\/644b717812d811d6a1c1fc5b6ccd6fa6\/invoke.js\"><\/script>\r\n<br \/>\n<br \/><img decoding=\"async\" src=\"https:\/\/cdnph.upi.com\/ph\/st\/th\/5801785281448\/2026\/upi_com\/164da58246725feb36c546cff430c9a0\/v1.5\/China-hails-CXMT-debut-as-challenge-to-global-memory-chip-leaders.jpg\" \/><\/p>\n<p>A large screen shows the latest stock exchange and economy data in Shanghai, China, 15 June 2026. Photo by ALEX PLAVEVSKI \/ EPA<\/p>\n<div id=\"\">\n<p><span class=\"story_dl\">July 28 (Asia Today) &#8212;<\/span> China&#8217;s successful stock market debut of its largest DRAM manufacturer has fueled expectations that the company could challenge the three global leaders in memory chips, though Chinese media acknowledged that a significant technological gap remains.<\/p>\n<p>ChangXin Memory Technologies, commonly known as CXMT, became the most valuable company in China&#8217;s domestic A-share market after its shares surged 465.82% during their first day of trading on Shanghai&#8217;s technology-focused STAR Market on Monday.\n<\/p>\n<p>The shares closed at 49 yuan ($7.24), compared with an initial public offering price of 8.66 yuan ($1.28).<\/p>\n<p>The closing price gave CXMT a market capitalization of about 3.28 trillion yuan ($484.5 billion), surpassing the Industrial and Commercial Bank of China, previously the country&#8217;s most valuable domestically listed company.<\/p>\n<p>The shares lost some momentum Tuesday, closing at 47 yuan ($6.94). CXMT&#8217;s market value declined to about 3.14 trillion yuan ($463.8 billion), but it remained the largest company in the A-share market.\n<\/p>\n<p>The listing followed Asia&#8217;s largest initial public offering of 2026. CXMT raised about $8.6 billion, nearly twice the amount initially sought, reflecting strong investor demand for Chinese semiconductor companies.<\/p>\n<p><b>State media celebrates semiconductor advance<br \/>\n<\/b><\/p>\n<p>Chinese state-affiliated media described the listing as a milestone in Beijing&#8217;s drive for technological self-sufficiency.<\/p>\n<p>The Global Times said the market response demonstrated growing investor confidence in China&#8217;s semiconductor industry as the country accelerates efforts to reduce its dependence on foreign technology.<\/p>\n<p>The Chinese-language Global Times described memory chips as the &#8220;rice of the digital age&#8221; and said CXMT had broken the longstanding foreign dominance of large-scale DRAM production.<\/p>\n<p>It said the company had built its design and manufacturing capabilities from virtually nothing over approximately a decade.<\/p>\n<p>CXMT was founded in 2016 and produces DRAM chips used in smartphones, personal computers, tablets and servers. It is widely regarded as the world&#8217;s fourth-largest DRAM manufacturer after Samsung Electronics, SK hynix and Micron Technology.<\/p>\n<p>China&#8217;s state media said the funds raised through the listing would be used to upgrade memory wafer production lines, expand DRAM research and development and pursue next-generation memory technologies.<\/p>\n<p>Chinese analysts expressed hope that the investment could eventually weaken the dominance of Samsung Electronics, SK hynix and Micron in the global DRAM market.\n<\/p>\n<p>CXMT&#8217;s progress has already heightened investor concern over increasing Chinese competition. Its market debut contributed to declines in several global semiconductor stocks, including shares of South Korean memory manufacturers.<\/p>\n<p><b>Technology gap remains<br \/>\n<\/b><\/p>\n<p>Despite the celebratory tone, Chinese media cautioned that CXMT continues to trail South Korean and U.S. memory manufacturers in advanced production processes.<\/p>\n<p>The company is estimated to remain two to three years behind leading foreign manufacturers in some advanced technologies and faces restrictions on access to sophisticated overseas chipmaking equipment.<\/p>\n<p>CXMT&#8217;s roughly 8% share of the global DRAM market also remains well below the combined position of Samsung Electronics, SK hynix and Micron.<\/p>\n<p>The memory chip industry is highly cyclical, meaning the current surge in prices and demand associated with artificial intelligence may not continue indefinitely.<\/p>\n<p>Rapid capacity expansion by CXMT and other manufacturers could also increase supplies and place downward pressure on global memory prices.<\/p>\n<p>Chinese state media urged investors and the semiconductor industry not to allow the listing&#8217;s success to create excessive confidence.<\/p>\n<p>The debut nevertheless represents a major symbolic and financial achievement for Beijing&#8217;s semiconductor strategy. CXMT now has access to substantial capital that could accelerate research, manufacturing expansion and efforts to compete in higher-end memory products.\n<\/p>\n<p><i>&#8212; Reported by Asia Today; translated by UPI<\/i><\/p>\n<p><i>\u00a9 Asia Today. Unauthorized reproduction or redistribution prohibited.<\/i><\/p>\n<p><i>Original Korean report: <a href=\"https:\/\/www.asiatoday.co.kr\/kn\/view.php?key=20260728010010446\" target=\"_blank\">https:\/\/www.asiatoday.co.kr\/kn\/view.php?key=20260728010010446<\/a><\/i><\/p>\n<\/p><\/div>\n<script async=\"async\" data-cfasync=\"false\" src=\"https:\/\/pl30214220.effectivecpmnetwork.com\/9ab3d4df8a7e1a6171e16ddbf732cc19\/invoke.js\"><\/script>\r\n<div id=\"container-9ab3d4df8a7e1a6171e16ddbf732cc19\"><\/div>\r\n\n","protected":false},"excerpt":{"rendered":"<p>A large screen shows the latest stock exchange and economy data in Shanghai, China, 15 June 2026. Photo by ALEX PLAVEVSKI \/ EPA July 28 (Asia Today) &#8212; China&#8217;s successful stock market debut of its largest DRAM manufacturer has fueled expectations that the company could challenge the three global leaders in memory chips, though Chinese&#8230;<\/p>\n","protected":false},"author":1,"featured_media":20620,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/cdnph.upi.com\/sv\/ph\/og\/upi_com\/5801785281448\/2026\/1\/164da58246725feb36c546cff430c9a0\/v1.5\/China-hails-CXMT-debut-as-challenge-to-global-memory-chip-leaders.jpg","fifu_image_alt":"","footnotes":""},"categories":[4],"tags":[],"class_list":["post-20619","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-hub"],"brizy_media":[],"_links":{"self":[{"href":"https:\/\/usnews-14267fa.ingress-comporellon.ewp.live\/index.php?rest_route=\/wp\/v2\/posts\/20619","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/usnews-14267fa.ingress-comporellon.ewp.live\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/usnews-14267fa.ingress-comporellon.ewp.live\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/usnews-14267fa.ingress-comporellon.ewp.live\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/usnews-14267fa.ingress-comporellon.ewp.live\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=20619"}],"version-history":[{"count":0,"href":"https:\/\/usnews-14267fa.ingress-comporellon.ewp.live\/index.php?rest_route=\/wp\/v2\/posts\/20619\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/usnews-14267fa.ingress-comporellon.ewp.live\/index.php?rest_route=\/wp\/v2\/media\/20620"}],"wp:attachment":[{"href":"https:\/\/usnews-14267fa.ingress-comporellon.ewp.live\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=20619"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/usnews-14267fa.ingress-comporellon.ewp.live\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=20619"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/usnews-14267fa.ingress-comporellon.ewp.live\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=20619"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}