Chinese memory maker ChangXin Memory Technologies (CXMT) is reportedly preparing to go public in the first quarter of 2026, with the company signing up China International Capital Corporation and CSC Financial, two state-owned banks, back in July to start the process. According to the South China Morning Post, CXMT aims to raise 20 to 40 billion Yuan (around US$2.8 to US$5.6 billion) from the offering. However, these details are subject to change, especially as the plan hasn’t been officially announced yet.
The planned IPO is coming at a time when the AI boom is straining the global memory and storage supply chains, with shortages and price increases expected to last a decade. Aside from that, the company is well-placed to replace Micron in China, especially as the latter is reportedly leaving the Chinese market two years after it was banned from ‘critical information infrastructure’.
