CXMT’s blockbuster IPO will test whether China’s memory makers are ready for the spotlight: ‘It does not yet mean China is broadly catching up’

Experts say shortages are forcing companies to explore Chinese chip supplies, yet adoption is still likely to be selective and politically contested.

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