Chip Giant CXMT Seeks to Raise $9.8 Billion in Shanghai IPO
THE SO WHAT
A $9.8B STAR Board raise for CXMT is another data point that memory and commodity chips are being re-onshored and recapitalized at national scale. If you depend on DRAM or NAND pricing, start planning for a world where Chinese capacity and policy, not just Korean and US cycles, drive your cost curves.
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