Hardware2h ago
China's CXMT Raises $8.6 Billion in IPO
China's leading memory chipmaker CXMT raised at least $8.6 billion in a massive Shanghai IPO. The company produces essential memory for AI servers and smartphones. While it trails Micron and SK Hynix, this capital injection accelerates China's push for semiconductor self-sufficiency. Hardware developers now have a more stable domestic supply chain for AI infrastructure.