Chinese memory-chip maker CXMT surges 466% in market debut
Chinese memory-chip maker CXMT surged 466% in its market debut, the Financial Times reported. The same briefing noted that Indonesia's central bank chief resigned and that Nvidia reportedly placed a $5bn bet on Ilya Sutskever's AI startup. No further detail on the CXMT listing's valuation was provided.
Why it matters
A blockbuster debut signals strong investor appetite for China's domestic chip champions as Beijing races to build homegrown memory capacity amid US export curbs.
Sources
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Part of the July 28, 2026 brief.