CXMT's blockbuster debut in Shanghai sets stage for next test against global memory giants

People walk past the headquarters of ChangXin Memory Technologies (CXMT) in Hefei, in China's eastern Anhui province on July 16, 2026. China's leading memory chipmaker is seeking to raise up to $9.8 billion in an initial public offering as the country counts on homegrown hardware to boost its position in the artificial

An underpriced IPO has left CXMT handicapped right out of the gate, says Bloomberg Opinion's Shuli Ren.

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

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."