Chinese Chipmaker CXMT Shares Soar Over 500% on Debut, Becomes Mainland's Most Valuable Company

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Technology

27 July 2026 at 1:26 pm

Chinese Chipmaker CXMT Shares Soar Over 500% on Debut, Becomes Mainland's Most Valuable Company

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Summary

Chinese memory chipmaker CXMT saw its shares soar over 500% on its market debut, reaching a market capitalization of 3.5 trillion yuan ($520 billion) and becoming the mainland's most valuable company.

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