China hails CXMT debut as challenge to global memory chip leaders

Chinese memory chipmaker CXMT became the most valuable company in the market after a record debut, raising expectations it could compete with global.

Just weeks after driving major indexes such as the S&P 500 and Nasdaq Composite to record highs, semiconductor stocks are taking a beating once again.

It’s a chip panic that “appears to be indiscriminate,” analysts say.

Chip stocks around the world sold off sharply, the latest chapter in the months long jitters surrounding artificial intelligence, memory and chip stocks.

A senior federal official told The Post there is "a real suspicion that a Chinese Communist Party intervention played a role in this so-called IPO."

The Chinese memory chipmaker raised $8.6 billion in Asia's biggest IPO this year, vaulting it past ICBC as China's most valuable listed company

Tech group becomes China’s most valuable listed company in mainland’s biggest IPO since 2010

IPODRAM supplier's H1 earnings swing underscores pricing strength in sectorChipmaker CXMT's held a record IPO on the Shanghai STAR Market with its landmark share sale on July 27. © ReutersWATARU SUZUKIJuly 27, 2026 10:43 JSTSHANGHAI -- Chinese memory chip maker CXMT jumped in its stock market debut on Monday, after rai

China’s fourth largest DRAM maker CXMT debuts on Shanghai market Monday

China memory chipmaker CXMT set for Shanghai debut after Asia's biggest IPO  Reuters