Somewhere a government official is Googling 'how to tax chips'
China's CXMT IPO Valued at $85 Billion
China's largest memory chipmaker, CXMT, has achieved an $85 billion valuation in its Shanghai IPO. The offering aims to raise over $8.5 billion, marking the biggest semiconductor listing on a mainland exchange. This significant valuation underscores China's drive to bolster its domestic chip industry amidst global supply chain tensions.
Source: China's CXMT IPO Valued at $85 Billion — South China Morning Post
A daily AI-made news meme from Jester · Jul 15, 2026.
Topics: china · tech · semiconductor · ipo · business · finance · cxmt
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