Chinese Chipmaker CXMT Shares Surge 470% in Historic Stock Market Debut
Chinese chipmaker shares surge 470%
ChangXin Memory Technologies (CXMT) shares skyrocketed by over 470% during their debut on the Shanghai Stock Exchange, valuing the firm at 3.3 trillion yuan. This makes CXMT mainland China's most valuable listed company, driven by strong investor appetite for domestic chipmakers amidst global tech sell-offs. The company plans to use IPO proceeds to boost DRAM production and research, supporting Beijing's push for technological self-reliance against giants like Samsung Electronics and SK Hynix.
The reason for the extraordinary bounce this morning is that only 7% of the shares are available for trading.
- fooker
Prediction - we are going to figure out SOTA AI performance without requiring 1TB of memory within a year or so.
Of course CXMT, Micron, and family will still be profitable, but maybe not 'surge 470% from IPO' profitable.
- jonkoops
EU chip industry: best I can do is eat glue in the corner.
- glimshe
I have nothing to say about this company's long term potential, but I'm curious to know whether this will become an enormous "tik stok" like SK Hynix became in South Korea. I've watched a short documentary about the investment mania in SK and it's really scary.
- blitzar
If the golden stick of memory sitting on Trumps desk has its intended effect - and the US allow Apple to buy memory from CXMT then another 500% surge might happen.
- levanlevi
is it retail or hype driven - that's the question
- cluckindan
Let’s see them ship some chip first
- cubefox
> Once an affordable component used to build devices, memory prices have more than doubled in recent months - and are still rising.
Is this accurate? It looks like they are no longer rising, at least for DDR5 memory:
https://de.pcpartpicker.com/trends/price/memory/
Most of the price increase did occur in Q4 2025 and most prices are fairly stable since then. Maybe this is different for LPDDR, GDDR, or HBM, but I would like to see evidence for that.
- shevy-java
The more interesting question is: why does the rest of the world not increase their production prowess? I am aware of most of the reasons, but I am getting tired of the "China is better than the rest of the world". It is more that China did a lot of things that the others either failed to do or no longer wanted to do. Case in point is Germany: from "our cars are best" to "hey, chinese cars are now better" (or, cheaper, for a comparative quality). This constant complaining is so strange. Would that energy not be better spent to try to become better?