{"id":4912,"date":"2026-07-27T04:49:39","date_gmt":"2026-07-27T04:49:39","guid":{"rendered":"https:\/\/260web.com\/news\/chipmaker-cxmt-becomes-mainland-chinas-most-valuable-listed-firm\/"},"modified":"2026-07-27T04:49:39","modified_gmt":"2026-07-27T04:49:39","slug":"chipmaker-cxmt-becomes-mainland-chinas-most-valuable-listed-firm","status":"publish","type":"post","link":"https:\/\/260web.com\/news\/chipmaker-cxmt-becomes-mainland-chinas-most-valuable-listed-firm\/","title":{"rendered":"Chipmaker CXMT becomes mainland China&#8217;s most valuable listed firm"},"content":{"rendered":"<p>Chipmaker CXMT becomes mainland China&#8217;s most valuable listed firm<\/p>\n<div data-block=\"headline\" class=\"ssrcss-l7emlr-ComponentWrapper e1aon0op1\">\n<div class=\"ssrcss-usmnse-Spacer e1aon0op0\"><\/div>\n<\/div>\n<div data-block=\"image\" class=\"ssrcss-l7emlr-ComponentWrapper e1aon0op1\">\n<div class=\"ssrcss-126h8e-Spacer e1aon0op0\">\n<div data-testid=\"image\" class=\"ssrcss-1uy5kw5-FullWidthWrapper ep2nwvo1\">\n<figure class=\"ssrcss-hc6arm-StyledFigure e34k3c22\">\n<div class=\"ssrcss-ab5fd8-StyledFigureContainer e34k3c21\"><span class=\"ssrcss-of3ln8-Placeholder etlorgc0\"><picture><source srcset=\"https:\/\/ichef.bbci.co.uk\/ace\/standard\/240\/cpsprodpb\/0377\/live\/bb1db120-896a-11f1-a3ae-0dbbd1718109.jpg.webp 240w, https:\/\/ichef.bbci.co.uk\/ace\/standard\/320\/cpsprodpb\/0377\/live\/bb1db120-896a-11f1-a3ae-0dbbd1718109.jpg.webp 320w, https:\/\/ichef.bbci.co.uk\/ace\/standard\/480\/cpsprodpb\/0377\/live\/bb1db120-896a-11f1-a3ae-0dbbd1718109.jpg.webp 480w, https:\/\/ichef.bbci.co.uk\/ace\/standard\/624\/cpsprodpb\/0377\/live\/bb1db120-896a-11f1-a3ae-0dbbd1718109.jpg.webp 624w, https:\/\/ichef.bbci.co.uk\/ace\/standard\/800\/cpsprodpb\/0377\/live\/bb1db120-896a-11f1-a3ae-0dbbd1718109.jpg.webp 800w, https:\/\/ichef.bbci.co.uk\/ace\/standard\/976\/cpsprodpb\/0377\/live\/bb1db120-896a-11f1-a3ae-0dbbd1718109.jpg.webp 976w\" type=\"image\/webp\"><img decoding=\"async\" alt=\" CXMT logo and computer motherboard are seen in this illustration.\" src=\"https:\/\/260web.com\/news\/wp-content\/uploads\/2026\/07\/s4xlK6.jpg\" srcset=\"https:\/\/ichef.bbci.co.uk\/ace\/standard\/240\/cpsprodpb\/0377\/live\/bb1db120-896a-11f1-a3ae-0dbbd1718109.jpg 240w, https:\/\/ichef.bbci.co.uk\/ace\/standard\/320\/cpsprodpb\/0377\/live\/bb1db120-896a-11f1-a3ae-0dbbd1718109.jpg 320w, https:\/\/ichef.bbci.co.uk\/ace\/standard\/480\/cpsprodpb\/0377\/live\/bb1db120-896a-11f1-a3ae-0dbbd1718109.jpg 480w, https:\/\/ichef.bbci.co.uk\/ace\/standard\/624\/cpsprodpb\/0377\/live\/bb1db120-896a-11f1-a3ae-0dbbd1718109.jpg 624w, https:\/\/ichef.bbci.co.uk\/ace\/standard\/800\/cpsprodpb\/0377\/live\/bb1db120-896a-11f1-a3ae-0dbbd1718109.jpg 800w, https:\/\/ichef.bbci.co.uk\/ace\/standard\/976\/cpsprodpb\/0377\/live\/bb1db120-896a-11f1-a3ae-0dbbd1718109.jpg 976w\" width=\"3840\" height=\"2160.2742857142857\" class=\"ssrcss-egie1y-Image edrdn950\"><\/picture><\/span><span role=\"text\" class=\"ssrcss-tzgxt7-StyledFigureCopyright e34k3c20\">Reuters<\/span><\/div>\n<\/figure>\n<\/div>\n<\/div>\n<\/div>\n<div data-block=\"byline\" class=\"ssrcss-vxwoax-ComponentWrapper e1aon0op1\">\n<div class=\"ssrcss-126h8e-Spacer e1aon0op0\">\n<div data-testid=\"single-byline\" class=\"ssrcss-sevsa1-ContributorContainer ee66fvo3\">\n<div class=\"ssrcss-dt4z-ContributorInfo ee66fvo0\"><span class=\"ssrcss-nsjd43-TextContributorName epw3ir01\">Peter Hoskins<\/span><\/p>\n<div class=\"ssrcss-dqo7s5-ContributorDetails ee66fvo2\"><span class=\"ssrcss-1m5444d-Text ee66fvo4\">Business reporter<\/span><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<div data-block=\"metadata\" class=\"ssrcss-l7emlr-ComponentWrapper e1aon0op1\">\n<div class=\"ssrcss-126h8e-Spacer e1aon0op0\">\n<div data-testid=\"metadata\">\n<div>\n<ul role=\"list\" class=\"ssrcss-9tw7r1-MetadataStripContainer eh44mf03\">\n<div class=\"ssrcss-10q9h22-GroupChildrenForWrapping eh44mf02\">\n<li role=\"listitem\" class=\"ssrcss-sf7vdp-MetadataStripItem eh44mf01\">\n<div class=\"ssrcss-m5j4pi-MetadataContent eh44mf00\"><span class=\"ssrcss-1pvwv4b-MetadataSnippet e4wm5bw3\"><span class=\"ssrcss-61mhsj-MetadataText e4wm5bw1\"><time data-testid=\"timestamp\" datetime=\"2026-07-27T04:25:54.683Z\">8 minutes ago<\/time><\/span><\/span><\/div>\n<\/li>\n<\/div>\n<\/ul>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<div data-block=\"text\" class=\"ssrcss-vxwoax-ComponentWrapper e1aon0op1\">\n<div class=\"ssrcss-126h8e-Spacer e1aon0op0\">\n<div data-testid=\"rich-text\">\n<div class=\"ssrcss-nqezkk-RichTextContainer e5tfeyi1\">\n<p class=\"ssrcss-1q0x1qg-Paragraph e1jhz7w10\"><b class=\"ssrcss-1xjjfut-BoldText e5tfeyi3\">Shares in China&#8217;s biggest memory chip maker have surged by more than 470% as they made their debut on the Shanghai Stock Exchange&#8217;s tech-heavy STAR Market.<\/b><\/p>\n<p class=\"ssrcss-1q0x1qg-Paragraph e1jhz7w10\">The surge has pushed CXMT&#8217;s stock market valuation to around 3.3 trillion yuan ($487.3bn; \u00a3364.9bn), making it the most valuable listed company in mainland China.<\/p>\n<p class=\"ssrcss-1q0x1qg-Paragraph e1jhz7w10\">The spectacular debut comes despite a sharp selloff in technology stocks around the world this month.<\/p>\n<p class=\"ssrcss-1q0x1qg-Paragraph e1jhz7w10\">CXMT manufactures dynamic random-access memory (Dram) chips that power artificial intelligence (AI) data centres, mobile phones, PCs, tablets and other devices.<\/p>\n<p class=\"ssrcss-1q0x1qg-Paragraph e1jhz7w10\">The firm, which was founded in 2016 by Chairman Zhu Yiming, is headquartered in Hefei, Anhui Province in eastern China.<\/p>\n<p class=\"ssrcss-1q0x1qg-Paragraph e1jhz7w10\">The company has said it plans to use most of the proceeds from the initial public offering (IPO) to boost production of memory chips and carry out more research and developments.<\/p>\n<p class=\"ssrcss-1q0x1qg-Paragraph e1jhz7w10\">The strong performance of its IPO will offer some comfort to Chinese financial officials, who have been rolling out measures to help curb a stock market slump that wiped out more than $1.5tn in recent weeks.<\/p>\n<p class=\"ssrcss-1q0x1qg-Paragraph e1jhz7w10\">South Korean tech giants Samsung Electronics and SK Hynix and US-based Micron dominate the Dram market, with the three companies accounting for around 90% of global production.<\/p>\n<p class=\"ssrcss-1q0x1qg-Paragraph e1jhz7w10\">Earlier this month, SK Hynix raised $26.5bn (\u00a319.8bn) in its New York share offering, marking the largest ever listing by a foreign firm in the US.<\/p>\n<p class=\"ssrcss-1q0x1qg-Paragraph e1jhz7w10\">The company, a key supplier to AI chip giant Nvidia, said it had sold 177.9 million American depositary shares for $149 each. <\/p>\n<p class=\"ssrcss-1q0x1qg-Paragraph e1jhz7w10\">The shares surged as much as 17% on Friday in their first day of trading on the Nasdaq but have since given up some of that gain.<\/p>\n<p class=\"ssrcss-1q0x1qg-Paragraph e1jhz7w10\">SK Hynix saw its market value top $1tn in its home country in May, lifted by the boom in demand for AI chips.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<div data-block=\"topicList\" class=\"ssrcss-vxwoax-ComponentWrapper e1aon0op1\">\n<div class=\"ssrcss-tcr9z1-Spacer e1aon0op0\">\n<div data-testid=\"topic-list\">\n<div class=\"ssrcss-nj9heb-StyledTagContainer ed0g1kj1\">\n<div class=\"ssrcss-1pfbb52-TopicListHeaderWrapper etw6iwl0\">\n<h2 type=\"normal\" class=\"ssrcss-89o2pv-Heading e10rt3ze0\">Related topics<\/h2>\n<\/div>\n<div class=\"ssrcss-17ehax8-Cluster e1ihwmse1\">\n<ul role=\"list\" spacing=\"2\" class=\"ssrcss-w8zanw-ClusterItems e1ihwmse0\">\n<li>International Business<\/li>\n<li>China<\/li>\n<li>Stock markets<\/li>\n<li>Semiconductors<\/li>\n<li>Artificial intelligence<\/li>\n<\/ul>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<p>Published at Mon, 27 Jul 2026 04:25:54 +0000<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Chipmaker CXMT becomes mainland China&#8217;s most valuable listed firm Reuters Peter Hoskins Business reporter 8 minutes ago Shares in China&#8217;s biggest memory chip maker have surged by more than 470% as they made their debut on the Shanghai Stock Exchange&#8217;s tech-heavy STAR Market. The surge has pushed CXMT&#8217;s stock market valuation to around 3.3 trillion&hellip; <a class=\"more-link\" href=\"https:\/\/260web.com\/news\/chipmaker-cxmt-becomes-mainland-chinas-most-valuable-listed-firm\/\">Continue reading <span class=\"screen-reader-text\">Chipmaker CXMT becomes mainland China&#8217;s most valuable listed firm<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":4911,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[5],"tags":[],"class_list":["post-4912","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-technology","entry"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/260web.com\/news\/wp-json\/wp\/v2\/posts\/4912","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/260web.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/260web.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/260web.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/260web.com\/news\/wp-json\/wp\/v2\/comments?post=4912"}],"version-history":[{"count":0,"href":"https:\/\/260web.com\/news\/wp-json\/wp\/v2\/posts\/4912\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/260web.com\/news\/wp-json\/wp\/v2\/media\/4911"}],"wp:attachment":[{"href":"https:\/\/260web.com\/news\/wp-json\/wp\/v2\/media?parent=4912"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/260web.com\/news\/wp-json\/wp\/v2\/categories?post=4912"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/260web.com\/news\/wp-json\/wp\/v2\/tags?post=4912"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}