China’s largest domestic memory maker ChangXin Memory Technologies (CXMT), is preparing for a major IPO in Shanghai, aiming to raise roughly $4.2 billion USD to expand production and fund next-generation DRAM development. On its face, it’s a straightforward business story: a fast-growing chipmaker capitalizing on a strong market. Viewed through the lens of today’s global RAM shortage, the move is more interesting and more complicated.
As reported by the South China Morning Post, news of the IPO hasn’t…
