WS #11708
ChangXin Memory Technologies (CXMT) set IPO subscription for July 16, raising 29.5B yuan, triggering A-share semiconductor rally with STAR 50 up 8.4%. Apple is testing CXMT DRAM for China-market devices and lobbying US government for approval to use CXMT chips, potentially easing memory cost pressures. French competition authority's general rapporteur says Nvidia probe is getting close to end, could result in statement soon.
China Semiconductor Rally on CXMT IPO
ChangXin Memory Technologies (CXMT) set IPO subscription for July 16, raising 29.5B yuan, triggering A-share semiconductor rally with STAR 50 up 8.4%.
Apple is testing CXMT DRAM for China-market devices and lobbying US government for approval to use CXMT chips, potentially easing memory cost pressures.
French competition authority's general rapporteur says Nvidia probe is getting close to end, could result in statement soon.