追踪中国半导体国产化 - 从长鑫存储与中芯国际的资金看行业关联；英伟达 H200 对本土芯片需求的影响-Tracking China’s Semi Localization-Read-across from CXMT and SMIC funding; Nvidia H200 impact on local chip demand

January 7, 2026 03:47 PM GMT Tracking China's Semi Localization | Asia Pacific Read-across from CXMT and SMIC funding; Nvidia H200 impact on local chip demand We summarize recent news flow and our industry checks regarding China's progress in semi localization. CXMT files for Shanghai listing to fund DRAM expansion: ChangXin Memory Technologies Corp. (CXMT) plans to raise 29.5 billion yuan ($4.22 billion) through an initial public offering of 10.6 billion shares in Shanghai (link). Our analysis: While CXMT ...