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Chinese chipmaker CXMT soars 500% on debut as AI fuels shortages
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China's leading memory chipmaker CXMT became the most valuable company in the mainland after soaring more than 500 percent on its market debut Monday, underscoring how AI demand is boosting the semiconductor sector.
The race to build data centres that power artificial intelligence has fuelled a global memory chip shortage while causing business to boom for the companies that produce them.
ChangXin Memory Technologies (CXMT) is the world's fourth-largest maker of DRAM memory chips, with around eight percent market share.
It wants to rival South Korea's Samsung Electronics and SK hynix, and US giant Micron, companies that have also seen profits and share prices skyrocket in recent months.
Chinese chipmaker CXMT soars 500% on debut as AI fuels shortages
China's leading memory chipmaker CXMT became the most valuable company in the mainland after soaring more than 500 percent on its market debut Monday, underscoring how AI demand is boosting the semiconductor sector.The firm's shares rocketed 530 percent Monday, taking its market capitalisation to 3.65 trillion yuan ($540 billion) -- surpassing megabank ICBC as mainland China's most valuable company.
Yahoo Finance (finance.yahoo.com)
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China's leading memory chipmaker CXMT became the most valuable company in the mainland after soaring more than 500 percent on its market debut Monday, underscoring how AI demand is boosting the semiconductor sector.
The race to build data centres that power artificial intelligence has fuelled a global memory chip shortage while causing business to boom for the companies that produce them.
ChangXin Memory Technologies (CXMT) is the world's fourth-largest maker of DRAM memory chips, with around eight percent market share.
It wants to rival South Korea's Samsung Electronics and SK hynix, and US giant Micron, companies that have also seen profits and share prices skyrocket in recent months.
Chinese chipmaker CXMT soars 500% on debut as AI fuels shortages
China's leading memory chipmaker CXMT became the most valuable company in the mainland after soaring more than 500 percent on its market debut Monday, underscoring how AI demand is boosting the semiconductor sector.The firm's shares rocketed 530 percent Monday, taking its market capitalisation to 3.65 trillion yuan ($540 billion) -- surpassing megabank ICBC as mainland China's most valuable company.
Yahoo Finance (finance.yahoo.com)
Can you fuel a shortage?
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China's leading memory chipmaker CXMT became the most valuable company in the mainland after soaring more than 500 percent on its market debut Monday, underscoring how AI demand is boosting the semiconductor sector.
The race to build data centres that power artificial intelligence has fuelled a global memory chip shortage while causing business to boom for the companies that produce them.
ChangXin Memory Technologies (CXMT) is the world's fourth-largest maker of DRAM memory chips, with around eight percent market share.
It wants to rival South Korea's Samsung Electronics and SK hynix, and US giant Micron, companies that have also seen profits and share prices skyrocket in recent months.
Chinese chipmaker CXMT soars 500% on debut as AI fuels shortages
China's leading memory chipmaker CXMT became the most valuable company in the mainland after soaring more than 500 percent on its market debut Monday, underscoring how AI demand is boosting the semiconductor sector.The firm's shares rocketed 530 percent Monday, taking its market capitalisation to 3.65 trillion yuan ($540 billion) -- surpassing megabank ICBC as mainland China's most valuable company.
Yahoo Finance (finance.yahoo.com)
As long as they don't take part in the RAM cartel like samsung micron and others, you can consider me chinese
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China's leading memory chipmaker CXMT became the most valuable company in the mainland after soaring more than 500 percent on its market debut Monday, underscoring how AI demand is boosting the semiconductor sector.
The race to build data centres that power artificial intelligence has fuelled a global memory chip shortage while causing business to boom for the companies that produce them.
ChangXin Memory Technologies (CXMT) is the world's fourth-largest maker of DRAM memory chips, with around eight percent market share.
It wants to rival South Korea's Samsung Electronics and SK hynix, and US giant Micron, companies that have also seen profits and share prices skyrocket in recent months.
Chinese chipmaker CXMT soars 500% on debut as AI fuels shortages
China's leading memory chipmaker CXMT became the most valuable company in the mainland after soaring more than 500 percent on its market debut Monday, underscoring how AI demand is boosting the semiconductor sector.The firm's shares rocketed 530 percent Monday, taking its market capitalisation to 3.65 trillion yuan ($540 billion) -- surpassing megabank ICBC as mainland China's most valuable company.
Yahoo Finance (finance.yahoo.com)
I wish ASML (or whoever) would send them proper machinery. They will get there eventually even without them, but we need those chips yesterday.
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I wish ASML (or whoever) would send them proper machinery. They will get there eventually even without them, but we need those chips yesterday.
They'll milk their market position as long as possible and sanction themselves into irrelevance.
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Can you fuel a shortage?
just ask trump about all that hormuz oil
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As long as they don't take part in the RAM cartel like samsung micron and others, you can consider me chinese
the cartel uses a "break and stick" policy to enforce participation from various firms and its' going to be interesting to watch them try to do it with company that doesn't care about lost profits (aka the stick) or revenue (aka the bread).
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They'll milk their market position as long as possible and sanction themselves into irrelevance.
Apropos just come across this https://youtube.com/watch?v=YiPgSm62fiM&is=759GPf0B-KUYHnSs
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