Chinese company CXMT went public, and its share price subsequently skyrocketed several-fold. It is now the most valuable Chinese company, with a market capitalization exceeding even that of Intel.
The company raised approximately $8.6 billion in its IPO, and its stock price surged by 466%. It is currently the most valuable publicly traded Chinese company, with a market capitalization of around $480 billion—surpassing Alibaba, Tencent, and other well-known giants. Furthermore, its valuation exceeds that of Intel (approximately $454 billion).
CXMT is the largest memory manufacturer in China and the fourth-largest globally, ranking just behind Samsung, Micron, and Hynix. Recently, CXMT has significantly ramped up its memory production, and many global PC manufacturers have begun sourcing its products.
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