CXMT stock market debut highlights China memory-chip push amid AI-driven shortages
China's CXMT has become mainland China's most valuable listed company after a stock market debut on Monday, in a development that underscores Beijing's push to build a more self-sufficient semiconductor industry. The memory-chip maker is seeking to expand production at a time when global demand for chips used in artificial intelligence data centres is tightening supply for consumer devices. The company's rise also reflects how shortages in one part of the technology market are feeding through to higher costs elsewhere.The company was valued at more than US$500 billion, or about $717 billion, in the debut, according to the supplied report.... [Continue Reading]
360LiveNews | 30 Jul 2026 08:02 LONDON
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