China’s ChangXin launches $4.3B memory IPO into an AI-driven chip boom
The post China’s ChangXin launches $4.3B memory IPO into an AI-driven chip boom appeared on BitcoinEthereumNews.com. ChangXin Memory Technologies (CXMT) is about to open subscription for its Shanghai IPO worth about 29.5 billion yuan (approximately 4.33 billion dollars) on July 16. This is significant not only because CXMT is the largest DRAM producer in China, but also because investors can use this event to evaluate the potential of the company in light of AI developments. This listing comes about as the memory market across the globe is changing due to developments in AI infrastructure. Companies in the cloud business have started to set up AI data centers that require new technology with higher volume and speed, particularly in high-bandwidth memory (HBM) and DRAM. With that, motherboard producers have prioritized higher profit-margin memory models. The shift has tightened supply and resulted in the continuous increase in memory prices. Interest in CXMT has spread outside of China