Chinese Chipmaker CXMT Plans $42 Billion Shanghai IPO Amid Global AI Chip Demand
China’s ChangXin Memory Technologies (CXMT), a leading memory chipmaker, is set to launch an Initial Public Offering (IPO) in Shanghai, targeting a valuation of 300 billion yuan ($42.12 billion). The company aims to raise between 20 billion to 40 billion yuan and plans to list by the first quarter of 2026. CXMT, founded in 2016…
