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.
Tap a lens to see what this story means for you.
Liked this? The Brief brings you the whole day in tech, verified, every morning.
Two minutes, free forever. What's in The Brief →
See what’s happening right now
The Feed runs all day — short, verified briefs the moment they break.
Open the FeedFollow @thecircuitry_
Every story we publish, as it happens. No noise between.
Reader-supported
The Circuitry is a passion project I've always wanted to build, and I love the work behind it.
Running it costs real money. APIs, hosting, time. To keep improving the site and growing this into something useful for everyone, those costs have to be covered.
Any contribution is appreciated. If not, no pressure. Thanks for reading.
CXMT shares jumped nearly 466% in their Shanghai debut, closing at 49 yuan to reach a 3.3 trillion yuan market cap that exceeds every other China-listed firm. The $8.6 billion IPO haul will support memory wafer manufacturing while the firm commands 7.67% of the worldwide DRAM sector and stands to benefit from Beijing's semiconductor self-reliance campaign.
GlobalFoundries signed a multi-year US$2 billion agreement with TSMC on October 8, 2026 to manufacture silicon interposers at its Malta, New York fab. The deal creates the first US-based source of silicon interposers for TSMC's CoWoS advanced packaging ecosystem.
Marvell Technology raised its fiscal 2028 revenue outlook to approximately $20 billion and set a fiscal 2031 target of $70-90 billion. The increases reflect expected growth in AI networking and optical connectivity demand.
According to reporting, Biren Technology is preparing its next-generation BR20X GPU for mass production. The move advances a domestic AI accelerator roadmap built on broader low-precision support and locally available manufacturing.
Anthropic's IPO prospectus warns its AI work could raise catastrophic risks to humanity while reporting a $42 billion net loss on $4.6 billion revenue. The filing also details plans for a founder-controlled LLC to retain 50.1 percent voting power post-IPO.
