CXMT to raise $8.5bn in largest Chinese chip IPO

Listing comes as chipmakers accelerate investment amid global semiconductor shortage ChangXin Memory Technologies plans an IPO as the global tech industry confronts an unprecedented memory chip shortage caused by demand for AI infrastructure. © Reuters TAIPEI — Top Chinese memory chip maker ChangXin Memory Technologies appears set to raise more than $8.54 billion in what would be China's largest semiconductor initial public offering, amid the worldwide crunch for this type of chip.

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