24 Hrs
Source:
BBC Home
CXMT Tops Mainland China's Listed Firms
CXMT, China's largest memory chip manufacturer, saw its shares rise over 470% on its debut on the Shanghai STAR Market, making it the most valuable listed company in mainland China with a valuation around $487 billion. The company plans to use the IPO proceeds to increase memory chip production and research. This strong performance occurred despite a global selloff in technology stocks and highlights China’s growing presence in the semiconductor industry.
Size: 120%Text Size
Notice: This Is an AI-Generated Summary
Comments (0)