AITom's Hardwareabout 1 hour ago
CXMT surges 466% in Shanghai IPO
3 min read
ChangXin Memory Technologies closed its Shanghai STAR Market debut at 49 yuan, up 466% from the 8.66 yuan offer price. The IPO raised 57.92 billion yuan ($8.6 billion), with spending directed at DRAM wafer lines and process upgrades, not HBM.
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