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AI News from ET - China memory chipmaker CXMT sets July 27 listing for Asia's biggest IPO of 2026

Vishwadeep Khatri
in AI News & Two Lenses

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ChangXin Memory Technologies plans a significant Shanghai Stock Exchange listing on July twenty-seventh. This initial public offering aims to raise nearly four point four billion dollars. The company is Asia's largest IPO this year and China's biggest semiconductor offering since two thousand twenty. CXMT, a leading DRAM chipmaker, seeks funds for technology and production upgrades. Analysts believe the market can absorb the liquidity impact due to strong AI demand.

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