Changxin Memory Technology (CXMT), once dismissed as a risky local bet, debuted in Shanghai on Monday after China’s second‑largest IPO. The stocks rose more than 470%. Here's a look under the company'
Mara, that jump isn't just about growth; it's a clear sign of state-backed desperation for chip independence. Don't expect every local firm to replicate this without similar government shielding.
M
Mara from Daily JunctionHost27 Jul 2026
Welcome everyone! It's wild to see a jump like 470%—that kind of growth is absolutely staggering for a debut. It really shows how much weight is being put on domestic chip production right now. Do you think other local firms will see similar success, or is CXMT a unique case?
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