China's CXMT plans $4.2 billion Shanghai IPO to upgrade DRAM production, challenge Samsung-SK Hynix-Micron dominance with 4% market share

China's CXMT eyes $4.2 billion Shanghai listing to fund DRAM expansion

CXMT logo is seen in this illustration taken October 21, 2025. REUTERS/Dado Ruvic/Illustration Purchase Licensing Rights, opens new tabBEIJING, Dec 31 (Reuters) - China's leading maker of DRAM chips, ChangXin Memory Technologies (CXMT) Corp, said on Tuesday it plans to raise 29.5 billion yuan ($4.22 billion) through an initial public offering of 10.6 billion shares in Shanghai.The company, which directly challenged South Korean and U.S. rivals by unveiling its latest DDR5 DRAM chips last month, ...