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Chipmaker CXMT Becomes Mainland China's Most Valuable Listed Firm
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Shares in Chinese chipmaker CXMT surged 470% on its debut on the Shanghai Stock Exchange, pushing its market valuation to 3.3 trillion yuan, making it the most valuable listed firm in mainland China.
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Chipmaker CXMT Becomes Mainland China's Most Valuable Listed Firm
Shares in China's biggest memory chip maker, ChangXin Memory Technologies (CXMT), surged by more than 470% as they made their debut on the Shanghai Stock Exchange's tech-heavy Star Market. The surge has pushed CXMT's stock market valuation to around 3.3 trillion yuan ($487.3bn; £364.9bn). This makes CXMT the most valuable listed firm in mainland China. The company's shares were listed on the Shanghai Stock Exchange on July 26, 2026, and the surge in its shares has been attributed to the growing demand for memory chips in the global market. The company's market capitalization has increased significantly, making it one of the most valuable companies in China.
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