China’s CXMT edges closer to mainland IPO amid AI memory chip supply crunch

Source: Tech – South China Morning PostChangXin Memory Technologies (CXMT), China’s top DRAM chipmaker, is taking a step closer to a mega initial public offering (IPO) on the mainland, as the high-end memory chip market experiences supply shortages amid the global artificial intelligence frenzy.
CXMT had “resolved issues” related to the election of employee representative directors and the identification of state-owned shareholders, according to a statement on the website of the China Securities Regulatory Commission (CSRC).
The…Read More

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