CXMT IPO: Chip manufacturer starts with a 466% price increase

Rich in Record Time Chip Manufacturer CXMT Becomes an Overnight Rising Star

2026-07-27 Source: dpa 2 min Reading Time

The booming global demand for computer chips has now granted the Chinese chip manufacturer CXMT a truly fairy-tale stock market debut ...

CXMT is an East Chinese chip manufacturer that ventured to go public at exactly the right time. The company instantly became one of the richest in China. Another competitor for the US chip industry is therefore about to go full throttle in the race for AI models ...(Image: CXMT) — CXMT is an East Chinese chip manufacturer that ventured to go public at exactly the right time. The company instantly became one of the richest in China. Another competitor for the US chip industry is therefore about to go full throttle in the race for AI models ...
(Image: CXMT)

CXMT has made a stellar debut on the stock exchange. During trading, the share price of the semiconductor manufacturer from Hefei in eastern China soared by an impressive 535 percent (to just over 55 yuan, approximately 7.1 euros) before slight profit-taking occurred. By the end of trading, the price had risen by nearly 466 percent (to 49 yuan). Based on the resulting stock price of approximately 55 yuan, CXMT is now valued at 3.3 trillion yuan, equivalent to around 490 billion dollars or 430 billion euros.

CXMT Joins Other Stock Market Debutants

This, various media emphasize, has instantly made the chip manufacturer one of the most valuable companies in China. On the Chinese mainland stock exchanges, CXMT is now by far the most expensive corporation. Among Chinese companies listed in Hong Kong, Tencent is slightly ahead of CXMT in terms of closing value (at the equivalent of approximately 510 billion dollars). However, at times, the chip manufacturer even surpassed the internet company Tencent, in which the Dutch investment firm Prosus holds around a 23 percent stake. This IPO has brought CXMT a remarkable ten billion dollars! The stock market debut follows other initial public offerings in the industry. In mid-July, South Korean chip manufacturer SK Hynix raised $26.5 billion (currently about €23.2 billion) with its listing on the US Nasdaq stock exchange. Reports suggest that other AI start-ups in China are also planning their IPOs.

Now More Is Being Produced and Developed at CXMT

According to the IPO prospectus, CXMT plans to use the funds raised to expand its production and invest in the research and development of its DRAM chips. The high demand for such chips, driven by the global race to develop new models in the field of artificial intelligence, has caused a supply shortage in the industry—especially for manufacturers of consumer electronics. The company aims to address this issue. AI development has meanwhile become a head-to-head race between the USA and China. Amid trade tensions characterized by tariffs and export controls, reducing dependencies on chips is becoming increasingly important. Be that as it may, China is anything but lagging behind the USA in this technology.

Subscribe to the newsletter now

Don't Miss out on Our Best Content

Business E-mail

Please enter a valid mailadress.

By clicking on „Subscribe to Newsletter“ I agree to the processing and use of my data according to the consent form (please expand for details) and accept the Terms of Use. For more information, please see our Privacy Policy. The consent declaration relates, among other things, to the sending of editorial newsletters by email and to data matching for marketing purposes with selected advertising partners (e.g., LinkedIn, Google, Meta)

Date: 08.12.2025

Naturally, we always handle your personal data responsibly. Any personal data we receive from you is processed in accordance with applicable data protection legislation. For detailed information please see our privacy policy.

Consent to the use of data for promotional purposes

I hereby consent to Vogel Communications Group GmbH & Co. KG, Max-Planck-Str. 7-9, 97082 Würzburg including any affiliated companies according to §§ 15 et seq. AktG (hereafter: Vogel Communications Group) using my e-mail address to send editorial newsletters. A list of all affiliated companies can be found here

Newsletter content may include all products and services of any companies mentioned above, including for example specialist journals and books, events and fairs as well as event-related products and services, print and digital media offers and services such as additional (editorial) newsletters, raffles, lead campaigns, market research both online and offline, specialist webportals and e-learning offers. In case my personal telephone number has also been collected, it may be used for offers of aforementioned products, for services of the companies mentioned above, and market research purposes.

Additionally, my consent also includes the processing of my email address and telephone number for data matching for marketing purposes with select advertising partners such as LinkedIn, Google, and Meta. For this, Vogel Communications Group may transmit said data in hashed form to the advertising partners who then use said data to determine whether I am also a member of the mentioned advertising partner portals. Vogel Communications Group uses this feature for the purposes of re-targeting (up-selling, cross-selling, and customer loyalty), generating so-called look-alike audiences for acquisition of new customers, and as basis for exclusion for on-going advertising campaigns. Further information can be found in section “data matching for marketing purposes”.

In case I access protected data on Internet portals of Vogel Communications Group including any affiliated companies according to §§ 15 et seq. AktG, I need to provide further data in order to register for the access to such content. In return for this free access to editorial content, my data may be used in accordance with this consent for the purposes stated here. This does not apply to data matching for marketing purposes.

Right of revocation

I understand that I can revoke my consent at will. My revocation does not change the lawfulness of data processing that was conducted based on my consent leading up to my revocation. One option to declare my revocation is to use the contact form found at https://contact.vogel.de. In case I no longer wish to receive certain newsletters, I have subscribed to, I can also click on the unsubscribe link included at the end of a newsletter. Further information regarding my right of revocation and the implementation of it as well as the consequences of my revocation can be found in the data protection declaration, section editorial newsletter.