CXMT DRAM IPO Approved on Shanghai Sci-Tech Board

ChangXin Memory Technologies (CXMT) secured regulatory approval for its initial public offering on the Shanghai Stock Exchange's Science and Technology Innovation Board. The company plans to raise 29.5 billion yuan through this listing event. This development positions CXMT as a major player in the global memory market alongside established manufacturers.

ChangXin Memory Technologies secures regulatory approval for its initial public offering on the Science and Technology Innovation Board to raise 29.5 billion yuan.

CXMT manufactures dynamic random access memory (DRAM) chips for computing and storage applications. The firm currently holds a 7.67% share of the global DRAM market as of Q4 2025. This ranking places it among the top four memory producers worldwide, competing directly with Samsung, SK Hynix, and Micron.

The company reported first-quarter revenue of 50.8 billion yuan, which represents a year-over-year increase of 719.13%. Net profit for that same period reached 24.76 billion yuan. These financial figures highlight the rapid expansion of CXMT's manufacturing operations and market position.

Another domestic storage manufacturer, Yangtze Memory Technologies (YMTC), has also initiated its IPO process for the A-share market. This parallel activity suggests a broader trend of Chinese memory producers seeking public listings to fund further capacity expansion. The combined effect could reshape global supply dynamics as these firms scale production.

The IPO registration marks a formal step toward CXMT's public listing, following prior regulatory reviews. It signals confidence in the company's financial trajectory and manufacturing capabilities within China's semiconductor sector. Market participants are awaiting confirmation of the offering price and distribution plan.

CXMT's approved IPO advances its path to raising capital while strengthening its position among global DRAM suppliers. The firm joins YMTC in pursuing public market access, reflecting strategic moves by Chinese memory makers to secure funding for future growth.