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المشهد العربي
CXMT Chinese chip stock soars over 500
The stock of Chinese semiconductor company CXMT surged over 500% following its listing on the Star Market platform at the Shanghai Stock Exchange, raising $8.6 billion in its initial public offering, with a market value of approximately 3.5 trillion yuan. The company was founded in 2016 and is projected to hold a 7.67% market share in the dynamic RAM sector by 2025. Major companies like Apple have already begun testing their products using its chips.
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