Chinese Chip Giant CXMT Debuts After $9.8 Billion IPO

China's AI is back in the game. Now investors are turning their focus to CXMT, a secretive chip giant coming to market. CXMT, also known as Chongqing Memory Technologies, raised $9.8% billion in its Shanghai IPO, making it the second biggest ever in China and the largest in Asia since 2022.The once littleknown chipmaker has emerged as one of the world's most important, taking on rival memory giants Samsung electronics, SKH Highix, and Micron. Over the past decade, CXMT has been secretly amassing the technol ...