CXMT, China's leading DRAM maker, aims to raise 29.5 billion yuan (US$4.4 billion) through its Shanghai offering, with subscriptions starting this Thursday. Analysts predict CXMT could eventually achieve a market value of 3 trillion yuan, positioning it as a significant player in the global memory market.
China's domestic memory chip production is securing substantial capital, enabling further investment in a critical component for AI compute infrastructure.