Hacker News·3 min read·medium
Chinese chipmaker shares surge 470%
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Chinese chipmaker ChangXin Memory Technologies (CXMT) saw its stock price surge 470% during its Shanghai Stock Exchange debut, despite a global downturn in tech stocks. The IPO highlights strong domestic investor demand as China seeks to achieve self-reliance in the semiconductor industry.
Share Save Add as preferred on Google Peter Hoskins Business reporter Reuters Shares in China's biggest memory chip maker have surged by more than 470% as they made their debut on the Shanghai Stock Exchange's tech-heavy Star Market.
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