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CXMT’s Frenzy Ignites Hopes of Futher Hardware Rally in China

Bloomberg Markets Thursday 23 July 2026, 23:45 UTC By Jeanny Yu 1 min read
Key Points

CXMT’s Blockbuster Listing May Spark Next Leg of China Chip Boom Investors are looking to Monday’s trading debut of CXMT Corp. to help renew a rally in Chinese semiconductor stocks that has been on pause ahead of the memory giant’s initial public offering. The chip-heavy Star 50 Index fell into a bear market this month as funds repositioned for the IPO, which values CXMT at $86 billion, making it China’s largest-ever chip offering. Still, the valuation at about one‑tenth that of larger rival...

CXMT’s Blockbuster Listing May Spark Next Leg of China Chip Boom Investors are looking to Monday’s trading debut of CXMT Corp. to help renew a rally in Chinese semiconductor stocks that has been on pause ahead of the memory giant’s initial public offering. The chip-heavy Star 50 Index fell into a bear market this month as funds repositioned for the IPO, which values CXMT at $86 billion, making it China’s largest-ever chip offering. Still, the valuation at about one‑tenth that of larger rival SK Hynix Inc. is seen leaving ample room for CXMT to run.
CXMT (ORG) Futher Hardware Rally (ORG) China (LOCATION) CXMT Corp. (ORG) Chinese (ORG) IPO (ORG) SK Hynix Inc. (ORG)
Originally published by Bloomberg Markets Read original →

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