CXMT
ChangXin Memory Technologies (长鑫存储) is China's largest DRAM manufacturer. It designs and produces DDR5, LPDDR5X, DDR4, and LPDDR4X memory, and is developing high-bandwidth memory (HBM) for AI accelerators. CXMT listed on Shanghai's STAR Market on July 27, 2026 — the largest-ever STAR Market IPO, raising ¥57.92B (~$8.6B) at ¥8.66/share. Shares surged as much as ~500% on debut, briefly making CXMT mainland China's most valuable listed company.
688825.SS Price
¥59.12
Market Cap
~$549.3B USD
688825.SS Price
¥59.12
STAR Market · 2026-08-27
Market Cap
~$549.3B USD
STAR Market · 2026-08-27
IPO Proceeds
~$8.6B
STAR Market, Jul 2026
Funding History
2016-06-13
Establishment¥10M (~$1M)
Hefei Caiju
2024-06-11
Primary Equity Increase¥10.8B (~$1.6B)val ¥150.8B
Chantou No.1Guangzhou KejiICBC Fin. Inv.BOC AssetBOCOMCCB Inv.GigaDeviceChangxin IntegratedABC Inv.Hezhuang GaoxinCNBM New Materials FundChantou Gaochengzhang
2025-06-27
Primary Equity Increase¥6.37B (~$937M)val ¥158.3B
Alibaba CloudXingqi DaoheGuangzhou Xinde
2026-07-27
IPO¥57.92B (~$8.5B)val ¥579.2B
Public offering (SSE STAR Market688825)
China’s next mega chip listing could break CXMT’s market records
CXMT, AI Hardware Firms Take Helm as China Earnings Enter Peak
CXMT Rival YMTC Moves Closer to China’s Next Marquee Chip IPO
Investment World 24h | Yushu Technology will ring the bell tomorrow; Changxin surges, Tencent makes a profit of 50 billion; Alibaba sells Lingxi Interactive Entertainment
CXMT tops 4 trillion yuan as AI-fuelled memory rally lifts China’s chip champion
CXMT’s Rise to China’s Most Valuable Firm Heralds New Tech Era
DeepSeek Harness is in public beta, benchmarking Claude Cowork; Changxin Technology’s market value surpasses Tencent; OpenAI’s annualized revenue is expected to double to US$40 billion
Morning Post｜Revealed that iPhone prices across the board increased by US$100/ChatGPT starts to own your computer history/Changxin Technology’s market value exceeds Tencent
China’s CSI 300 Set to Lose Appeal Before Adding CXMT, BI Says
CXMT Overtakes Tencent to Become Most Valuable Chinese Company
Hong Kong Stock Market Benchmark | Changxin’s market value surpasses Tencent’s AI hardware direction and mid-term report opportunities are bright
Apple is revealed to be testing Changxin memory chips for use in devices sold in the Chinese market
How CXMT’s MSCI China index entry may lure fund inflows, cement its top ranking
Apple starts testing Changxin storage! Baidu and Qianwen also squeezed into Apple's supply chain
Yushu Technology subscribed today, and the winning rate was much lower than that of Changxin Technology; less than 24 hours after it went online, Apple’s official website deleted Alibaba Qianwen documents; Zhong Suisui blasted e-commerce platforms as middlemen: power must be restricted
Memory crunch gives China's CXMT a breakthrough moment
A global memory chip shortage driven by AI infrastructure demand is propelling Chinese DRAM maker CXMT into a rare position of strength, Nikkei Asia's Tech Latest podcast reports.
Apple tests China's CXMT memory chips for iPhones and MacBooks, WSJ reports
CXMT Corporation
Morning Post | Yu Chengdong: Mobile phones may have to increase in price on a large scale in the future/Changxin Storage refuses Apple’s price reduction/PwC’s professional report was found to be 100% generated by AI
Changxin refuses Apple’s price reduction: insists on no lower price than Samsung Electronics and SK Hynix; Musk’s personal wealth has lost two “Huang Renxun”; Yushu is about to be listed, and Wang Xingxing’s net worth is about to exceed 10 billion
CXMT Narrows Gap With SK Hynix and Samsung in Smartphone Memory
Changxin Technology's equity investment company increased capital to approximately 6.13 billion
HP, Asus and Acer begin using CXMT chips amid memory shortage
Changxin Storage increases capital to approximately 31.39 billion
EXCLUSIVE: CXMT plans second chip plant in Beijing and is in talks on its funding, sources say
🗞️CXMT Soars 472% in Record Shanghai IPO, Kimi K3's Open Weights, and DeepSeek's Viral Investor Notes
CXMT’s $1 Trillion Target Gap Flags High Stakes in Chip Battle
China factories cool, CXMT surges, PLA marks anniversary
Will Apple tap China's CXMT and YMTC as memory costs rise?
Elite company: the listed firms that were China’s most valuable before CXMT
CXMT's blockbuster debut in Shanghai sets stage for next test against global memory giants
Changxin Technology’s market value exceeds 4 trillion
The CXMT shock: how China’s viable alternatives punch Nvidia, Micron, SK Hynix shares
CXMT’s 466% Debut on a 6.73% Float
CXMT is a 'long-term play', company will be 'much bigger' in two years: Analyst
BYD Li Yunfei: The 50 million yuan investment in Changxin Technology was a company act, and Chairman Wang Chuanfu had no personal external investment.
8:01 Krypton | South Korea is considering capping "borrowing money to speculate in stocks" at 20%; Lei Jun's new Changxin Technology has a floating profit of 700 million? Xiaomi executives respond; Dark Side of the Moon Kimi K3 is officially open source
Zhu Yiming distributed 30 billion to Changxin employees
From CXMT to Zhipu AI, Alibaba’s strategic investments are paying off
CXMT Executive in Line for 47,000% Gain After Blockbuster IPO
Changxin Storage, which surged after its listing, directly crashed the U.S. stock market
Investment World 24h | Last night, US stocks and storage collectively fell sharply; Changxin rang the bell, Hefei State-owned Assets made back 1 trillion; Weng Li announced his resignation
Changxin Technology has made wealth in batches: 12 core members have a net worth of over 100 million, but Country Garden has sold out and lost 49 billion; the power outage and lockout of the Hello tram while riding caused a tenth-level disability to the doctor; The Dark Side of the Moon open-sourced the Kimi K3 model
Morning Post | Lei Jun explains why Xiaomi Pengcheng does not have a pure electric version/Tencent QQ Pet officially announces its return/Revelation that Samsung mobile phones plan to use Changxin memory
The total floating profit of Changxin's public offering exceeds 50 billion yuan, and institutions are optimistic about the recovery of the technology sector
8:01 Krypton丨Li Bin appeared at the Changxin Technology Appreciation Dinner; Luckin defeated "Thailand Luckin" and received nearly 20 million in compensation; the Macau government released the latest test results of the Meisujiale milk powder lead exceedance standard incident
CXMT’s roaring IPO isn’t the bubble signal it might appear
CXMT Founder Zhu Yiming Pledges $5.6 Billion in Worker Bonuses After China IPO
Chinese chip champion CXMT soars more than 400% in market debut
China memory chipmaker CXMT’s shares soar in a blockbuster share listing in Shanghai
Chipmaker CXMT vaults to top of China's valuation with 466% surge in Shanghai debut
How the 'twin stars' of China, CXMT and YMTC, changed the chip game
Chipmaker CXMT becomes mainland China's most valuable listed firm
China’s CXMT soars 466% on debut to become most valuable mainland-listed firm
Watch How CXMT Became China's Memory Chip Champion
China Chipmaker CXMT Jumps 466% in Debut After Blockbuster IPO
Chinese chipmaker CXMT soars in Shanghai debut
CXMT’s blockbuster IPO delivers windfall for its home city
CXMT projected to further soar as it narrows gap with Samsung, Micron, SK Hynix
CXMT Can Rally More Than 1,200% on Market Share Win, Nomura Says
Half a day after Changxin Technology went public, 7 executives were promoted to "1 billion net worth"
N Changxin’s increase expanded to 500%
China memory chipmaker CXMT skyrockets 470% in Shanghai debut
Chinese chipmaker CXMT soars almost 500% in market debut
Changxin surged 450%, and Hefei’s state-owned assets earned back 1 trillion
Changxin Technology is listed on the Science and Technology Innovation Board today! Employees: It has nothing to do with us, they are more concerned about future salary and benefits; Japan surrendered after dismantling Yushu Robot; Huang Renxun and Musk spoke on the same day about China's AI
8:01 Krypton | Ctrip was fined 5.179 billion yuan for abusing its market dominance; Changxin Technology went public today; Japanese technicians dismantled the Yushu robot: it will not be able to catch up with China in the short term
Chipmaker CXMT’s 466% market debut surge makes it the most valuable China-listed company
What is CXMT and how did it become China's DRAM champion?
It is reported online that a brokerage company has issued an internal document to prevent speculation about Changxin Technology’s listing. Several brokerage branches said they have not received similar notices.
Changxin Technology: The company’s shares will be listed on the Shanghai Stock Exchange’s Science and Technology Innovation Board on July 27, 2026
Chipmaker CXMT debut spotlights China's state-funded path to tech power
It is reported online that actor Huang Xiaoming spent 100 million to invest in Changxin Technology and the floating profit exceeded 10 billion. People familiar with the matter: False news and repeated names.
Changxin Technology: Online investors gave up subscribing for 6.5863 million shares
CITIC Securities: Enthusiasm for the theme of AI downstream, Changxin industrial chain, securities firms, and pharmaceutical biology is expected to heat up
Five financial institutions received approximately 39 million from Changxin Technology
Understand the 10 core beneficiary companies of the "Changxin Storage" industry chain
8:01 Krypton丨Changxin Technology’s winning numbers are released: a total of about 7.7022 million; Spain defeated Argentina 1-0 and won the World Cup; Dark Side of the Moon is expected to be listed in Hong Kong as soon as 6 months
Public funds are optimistic about Changxin Technology's listing, saying it is a "must buy" if the valuation is reasonable
Changxin Technology’s winning numbers are released: a total of approximately 7.7022 million
Investment World 24h | Liang Wenfeng, new Changxin; Buffett: US stocks have become casinos; Visual China has become an LP
8:1 Krypton丨The preliminary winning rate of Changxin Technology’s online issuance is 0.40995452%; Trump’s face will be printed on coins with a face value of US$1; many NFC fresh juice production workshops were exposed to have no fruit
Changxin Technology: The initial winning rate for online issuance is 0.40995452%
Liang Wenfeng, beat the new Changxin
Investment World 24h | Changxin Technology may earn up to 30,000 yuan in one lottery; DeepSeek is preparing to go public next year; Hefei Industrial Investment has established a 5 billion new domain fund
Will refinancing be initiated after listing? Changxin Technology responded
Changxin Technology: There is uncertainty about the demand for DRAM market due to the development of AI, and investors need to pay attention to the risk of industry fluctuations
Changxin Technology: After listing, it will still maintain a control structure without actual controllers
China’s CXMT valued at US$85 billion in record Shanghai IPO
CXMT, China’s Chip Champion, to Raise Billions in Race for A.I. Control
外国人疯抢长鑫存储，已炒高到5倍市值
NIO strategic investment in Changxin Technology: Both parties will build a stable and mutually trusting strategic supply relationship
Changxin Technology’s registered capital increased by more than 6,000 times in 10 years
Investment World 24h | It is revealed that DeepSeek plans to launch an IPO this year; Changxin’s IPO market value is 579.1 billion; SK Hynix’s market value soared by 2 trillion overnight
Changxin Technology IPO pricing is released, experts call for a rational view of the value of corporate innovation and growth
Changxin Technology: Issue price is 8.66 yuan/share
China memory chipmaker CXMT aims to raise $8.6 billion in Asia's biggest IPO of 2026 so far
Chipmaker CXMT seeks $10bn in largest China IPO since 2010
Chip Giant CXMT Seeks $9.8 Billion in Shanghai IPO
Get rich by going public! Changxin’s nearly 20,000 employees can each be divided into more than one million yuan, and some people have left due to the intensity of work; Hainan will become China’s first province to ban the sale of fuel vehicles; ByteDance’s entry into the autonomous driving field is revealed, and the official response
Investment World 24h | South Korean investors have a dark day: SK Hynix plummets 15%; Changxin’s nearly 20,000 employees are expected to have one million per capita; Zhejiang’s 5 billion fund of funds starts the second round of selection
8:01 Krypton丨Hainan will become China’s first province to ban the sale of fuel vehicles; some employees of Changxin Technology can invest in shares for as low as 1 cent; SK Hynix plummets 15%
CXMT to raise $8.5bn in largest Chinese chip IPO
Memory chipmaker ChangXin Memory Technologies priced its Shanghai STAR Market IPO at 8.66 yuan a share, aiming to raise about $8.5 billion in Asia's largest listing this year and China's biggest-ever A-share semiconductor offering, with a July 27 debut planned.
Investment World 24h | It is rumored that Haina Asia Venture Capital Gong Ting will leave his job, and he participated in the Byte Angel round investment; SHEIN Hong Kong IPO was finally approved; Changxin Technology launched a new investment on Thursday
Hard technology investment target | Changxin Technology will open new share subscription next week, Yushu Technology Science and Technology Innovation Board IPO registration will take effect
Apple begins testing CXMT chips for devices sold in China, FT says
Apple interest thrusts China’s CXMT into memory chip spotlight
Apple wants to buy memory from Changxin? South Korea’s blockbuster AI chip investment plan is released! The 2026 World Cup will stage an enlarged version of the "Taylor Swift Effect"丨20260630 From Wall Street to Lujiazui
EXCLUSIVE: China's CXMT wins $3 billion memory supply deal with Tencent, sources say
Can't bear the memory price increase! Apple lobbies the U.S. government and requests the purchase of Changxin memory chips; DeepSeek releases the latest paper, signed by Liang Wenfeng; Midea’s True Warm MAX is launched, refreshing China’s heat pump technology
T Morning Post | Anthropic shuts down its latest large model service; SpaceX’s market value exceeded US$2.1 trillion on its first day of listing; Changxin Technology completed IPO registration
Investing in Changxin Technology and Yushu Technology, insurance capital's "patient capital" deploys new productivity
CXMT’s soaring profits lift China’s semiconductor stocks
China's CXMT expects revenue to surge as memory chip demand soars
Chinese memory module makers ramp up production with new CXMT DRAM
The era when memory is king: Can Changxin Storage create a trillion-dollar IPO?
CXMT, the Chinese Company Taking On the World’s Memory-Chip Giants
China's CXMT eyes $4.2 billion Shanghai listing to fund DRAM expansion
EXCLUSIVE: Chipmaker CXMT plans Shanghai listing with $42 billion valuation, sources say
Changxin Storage launches listing guidance, industry chain cooperation companies are expected to benefit across the board
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