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Zhu Yiming, the founder of the Chinese chipmaker CXMT, has led the company to a remarkable stock market debut in late July. The company's success is attributed to Yiming's ingenuity and patents from a defunct German chip manufacturer.
Zhu Yiming founded ChangXin Memory Technologies (CXMT) in 2016 with the ambition to create a Chinese memory chip (DRAM) manufacturer capable of competing with global leaders like Samsung, SK Hynix, and Micron.
Chinese chipmaker CXMT experienced a spectacular stock market debut in Shanghai, with its shares surging by nearly 470%. This record-breaking performance briefly made it China's most valuable company, driven by strong demand for AI memory and a substantial IPO.