Key facts
- CXMT Corp. received approval for its IPO registration on June 12.
- The IPO is expected to be the largest on Shanghai's STAR Market.
- CXMT is a leading producer of dynamic random-access memory (DRAM).
- YMTC has reportedly achieved technological breakthroughs despite US sanctions.
- YMTC has implemented its Xtacking4.0 design and a 16nm node process in its chips.
China's securities regulator has approved the IPO registration for memory chipmaker CXMT Corp. on June 12, potentially marking the largest listing on Shanghai's tech-focused STAR Market. Investors consider CXMT, a key producer of dynamic random-access memory (DRAM), vital for the current surge in domestic technology stocks and China's pursuit of technological self-sufficiency.
Meanwhile, Yangtze Memory Technologies Corporation (YMTC), another prominent Chinese memory chip manufacturer, has reportedly made significant technological advancements despite facing U.S. sanctions. According to research firm TechInsights, YMTC has implemented its new Xtacking4.0 design in its highest-density 3D NAND chip, featuring a dual-deck structure with 294 gates. Furthermore, YMTC's latest DDR5 memory chips utilize a 16nm node process, a development that circumvents U.S. restrictions aimed at limiting China's access to advanced semiconductor technology.