Toyota supplier Denso posts drop in first-quarter profit

Elite company: the listed firms that were China’s most valuable before CXMT

Elite company: the listed firms that were China’s most valuable before CXMT Chipmaker’s ascent to highest market capitalisation ends two decades on top for energy conglomerates, lenders and consumer brands The state-backed maker of memory chips saw its market capitalisation surpass 4 trillion yuan (US$592 billion) on Friday amid a broader chip stock surge. It first ascended to the top of the list on Monday, ending its first trading day with a value of 3.28 trillion yuan after hitting 3.68...

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CXMT's blockbuster debut in Shanghai sets stage for next test against global memory giants

CXMT's blockbuster Shanghai debut has put it in the spotlight, but analysts say closing the technology gap in advanced memory chips, not investor enthusiasm, will determine whether it can challenge the global market leaders. The Chinese memory maker's nearly 466% surge in its Monday market debut has fueled optimism that Beijing's years-long push to build a self-sufficient semiconductor industry is beginning to pay off. The bigger question now is whether CXMT can narrow its technology gap...