CXMT Surges 465% on Debut, Overtakes Intel’s Market Value
Part of composite article CXMT’s 531% Shanghai Debut Just Made It China’s Most Valuable Chip Firm—and a Global Threat View full article →
China’s semiconductor maker CXMT saw its stock price surge 465% on its first day of trading, pushing its market capitalization above that of U.S. chip giant Intel. The company, which specializes in memory chips, is now valued at over $100 billion. Investors rushed to buy shares after the initial public offering, reflecting strong demand for domestic chip producers amid ongoing trade tensions. CXMT’s debut marks one of the largest stock market listings in China this year. The company’s rapid rise highlights Beijing’s push to build a self-sufficient semiconductor industry.