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China’s CXMT Rides AI Boom to Record Revenue Ahead of IPO

ChangXin Memory Technologies Inc. more than doubled revenue to $8 billion in 2025, giving the strategically important Chinese chipmaker a major boost ahead of one of this year’s biggest domestic IPOs.Like rivals such as South Korea’s SK Hynix Inc., the Chinese firm is riding surging prices for the storage chips crucial to AI development and data centers. A global shortage of memory chips propelled its revenue about 130% higher to more than 55 billion yuan ($8 billion) in 2025, people familiar wi...

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