China’s CXMT IPO clouds memory upcycle outlook

China’s largest DRAM maker, ChangXin Memory Technologies, is accelerating plans for an initial public offering on Shanghai’s Star Market, aiming to raise about 29.5 billion yuan ($4.3 billion) to fund capacity expansion. The planned listing — expected as early as June, according to industry sources — is sharpening focus on the supply outlook in the global memory market, as new capacity could arrive just as the current upcycle begins to mature. CXMT is expected to use the proceeds to build additi

By The Korea Herald