@giantcutie666: ChangXin Memory Technologies (CXMT), known as China's SK Hynix, just updated its prospectus and is about to list on the STAR Market. At current market conditions, its market cap will likely be in the hundreds of billions. The biggest winner is the Hefei Municipal Government, which holds nearly half of CXMT's shares through multiple entities — conservatively estimated to earn over ¥100 billion. But former party secretary Wu Cunrong, who made the call to invest in CXMT, was sentenced to life in prison two months ago...
Summary
ChangXin Memory Technologies (CXMT) updated its prospectus and is about to list on the STAR Market, with an estimated market cap of hundreds of billions of yuan. The Hefei Municipal Government holds nearly half of the shares through multiple entities, but the former party secretary Wu Cunrong, who championed the investment, was sentenced to life in prison for accepting bribes.
View Cached Full Text
Cached at: 05/18/26, 12:31 PM
CXMT, often hailed as China’s Hynix, has just updated its IPO prospectus and is about to list on the STAR Market.
Given the current market sentiment, its valuation is expected to reach hundreds of billions of RMB~
The biggest winner is the Hefei city government, which holds nearly half of CXMT’s shares through multiple entities—conservatively estimated to make over 100 billion RMB in profit!
However, the former Hefei party secretary Wu Cunrong, who made the call to invest in CXMT, was sentenced to life in prison two months ago for accepting bribes totaling 127 million RMB… https://t.co/NNwwB48LSa
Similar Articles
@Jason23818126: Among this year's A-share IPOs, the one I'm most looking forward to is CXMT. What's most interesting about CXMT is not just its large fundraising. Domestic DRAM, AI servers, memory cycles, self-sufficiency — the labels the market loves are all there. After the issuance, CXMT's total share capital will be about 70.8 billion shares. A simple conversion: 1.5 trillion market cap, share price about 21 yuan…
Discusses CXMT's IPO on A-shares, covering market focuses such as domestic DRAM, AI servers, and memory cycles, with a simple estimation of market cap and share price.
@kugo_A10: 7 billion saved 蔚来, 6 billion heavily invested in 京东方, 50 billion going all-in on 长鑫科技. Hefei, once a weak inland provincial capital, forced itself into becoming the 'best venture capital city in China'. Still, playing the primary market is the fastest way to make money.
Hefei has become a well-known venture capital city in China through large-scale investments in 蔚来, 京东方, 长鑫科技 and other companies, showcasing the important role of local government in technology industry investments.
@0x0Frank: There is a company in A-shares called 上峰水泥. If you think from its name that this company is purely selling cement, you would be very wrong. I looked into it: its main business, cement, provides stable cash flow. It started investing in semiconductors through industrial investments as early as 2020, including 长鑫, 盛合晶微, 上海超硅 and other semiconductor companies. It's impressive. Stable high dividends plus semiconductor equity…
A tweet analyzes 上峰水泥, a cement company on China's A-share market, which began investing in semiconductor firms including 长鑫, 盛合晶微, and 上海超硅 since 2020, highlighting its stable dividends and the potential revaluation of its semiconductor equity.
@LuBtc888: A wave of young academic elites breaks into China's top billionaire circle! Name: Chen Tianshi Age: 41 Education: USTC Youth Class, PhD in Computer Science Main Role: Core Founder of Cambricon Wealth Valuation: Over 210 billion yuan Name: Liang Wenfeng Age: 41 Education: Master's and PhD from Zhejiang University Main Role: Founder of DeepSeek Wealth Valuation: Over 180 billion yuan...
Lists seven young Chinese tech billionaires' names, ages, education backgrounds, and wealth valuations, including Chen Tianshi of Cambricon, Liang Wenfeng of DeepSeek, Yang Zhiping of Moonshot AI, etc.
@LinQingV: Overview of the Equipment Supply Chain for CXMT's Expansion: CXMT now has three 12-inch fabs: two in Hefei and one in Beijing. Fab 1 in Hefei has monthly capacity of 110k wafers, Fab 2 80k, and Beijing Fab 70k, totaling nearly 300k wafers, all fully loaded. Capacity tripled in two years; around 100k in early 2024, surging to 280-300k by end of 2025, with target in 2026…
CXMT is aggressively expanding capacity. Its three 12-inch fabs now have a combined monthly capacity of nearly 300,000 wafers, accounting for close to 15% of global DRAM output. However, the localization rate of equipment is only about 45%, with heavy reliance on overseas suppliers in lithography, metrology and other areas, facing export control pressures such as the US MATCH Act.