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LATEST

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Asia

Chipmaker CXMT eyes $9.8 bn in blockbuster China IPO

Markets-Economic Times · 2h ago · 🇮🇳 India

Chipmaker CXMT eyes $9.8 bn in blockbuster China IPO

China's leading memory chipmaker ChangXin Memory Technologies is seeking billions in an IPO. This move aims to bolster the nation's artificial intelligence hardware capabilities. The company intends to rival global giants like Samsung and Micron. This significant offering marks China's largest mainland tech share sale ever. It will provide a strong foundation for China's AI development goals.

Read the full story at Markets-Economic Times →

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