ChangXin Memory Technologies expects to raise 57.9 billion yuan ($8.55 billion) in its Shanghai STAR Market IPO after doubling its original target. The world's fourth-largest DRAM chipmaker will list on July 27, advancing China's push for semiconductor self-reliance.
CXMT is the world's fourth-largest DRAM chipmaker.
The IPO comes as China pushes to reduce reliance on foreign semiconductor technology.
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Tesla and SpaceX have confirmed Grimes County, Texas as the site for their Terafab semiconductor megafactory, with the first phase costing roughly $16.8 billion. The project targets the largest chip manufacturing facility on the planet to supply over 1 terawatt of compute per year that exceeds current and future global production capacity.
OpenAI has filed a motion asking a federal judge to dismiss Apple's trade secrets lawsuit, describing the claims as meritless. The dispute, which follows a July suit and this week's injunction request from Apple, highlights tensions after their prior partnership on Siri and OpenAI's hardware push.
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