Chinese chipmaker CXMT soars 500% on debut as AI fuels shortages (finance.yahoo.com)

submitted 3 days ago by geneva_convenience@lemmy.ml to c/technology@lemmy.ml

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China's leading memory chipmaker CXMT became the most valuable company in the mainland after soaring more than 500 percent on its market debut Monday, underscoring how AI demand is boosting the semiconductor sector.

The race to build data centres that power artificial intelligence has fuelled a global memory chip shortage while causing business to boom for the companies that produce them.

ChangXin Memory Technologies (CXMT) is the world's fourth-largest maker of DRAM memory chips, with around eight percent market share.

It wants to rival South Korea's Samsung Electronics and SK hynix, and US giant Micron, companies that have also seen profits and share prices skyrocket in recent months.

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[-] eldavi@lemmy.ml 4 points 2 days ago

the cartel uses a "break and stick" policy to enforce participation from various firms and its' going to be interesting to watch them try to do it with company that doesn't care about lost profits (aka the stick) or revenue (aka the bread).

this post was submitted on 28 Jul 2026

22 points (95.8% liked)

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