CXMT prices a record $8.5bn Shanghai IPO, valuing China’s memory champion at $85bn
THE SO WHAT
An $8.5B Shanghai IPO valuing CXMT at $85B shows domestic capital is ready to underwrite a long game in Chinese memory. Anyone building AI or data-heavy products should treat Chinese DRAM and NAND capacity as a structural factor in pricing and supply resilience over the next cycle, not a side story.
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