China's ChangXin Memory Technologies (CXMT) sets July 27 listing date, sources say

China’s leading memory chipmaker ChangXin Memory Technologies (CXMT) is set to debut on the Shanghai Stock Exchange on July 27, marking Asia’s biggest initial public offering this year, Reuters reported on Tuesday, citing people familiar with the matter.

The company plans to raise 29.5 billion yuan ($4.35 billion) through the listing after beginning book-building on July 15. The IPO will also be China’s largest A-share semiconductor offering since SMIC’s market debut in 2020, according to Reuters.

CXMT has emerged as the world’s fourth-largest DRAM chipmaker with a 7.7% global market share in 2025. Reuters reported the company plans to use the proceeds to expand production capacity and upgrade technology.

The Financial Times (FT) recently reported that Apple is testing CXMT’s DRAM products as it explores local sourcing for the Chinese market, although no supply agreement has been finalized.

Apple interest thrusts China’s CXMT into memory chip spotlight

CXMT has been thrust into the global spotlight by the race for memory chips. Apple has begun testing the company’s DRam chips for devices sold in China, according to two people familiar with the matter

Predictionmarkets.orgJiayi ZHANG