CXMT Launches Expansion to More Than Double Monthly Wafer Output, Lands $7 Billion ByteDance Supply Deal Ahead of IPO Debut
Chinese memory chipmaker CXMT is expanding production capacity to more than double monthly wafer output and has secured a five-year supply agreement with ByteDance valued at more than $7 billion, according to sources.
The announcements arrive ahead of the company’s scheduled market debut on July 27, which concludes an $8.6 billion initial public offering on the Shanghai exchange. While the expanded capacity and new customer contract boost CXMT’s domestic scale, global peers Samsung and SK Hynix continue to hold a dominant position in high-margin memory segments.
From the sources (7 posts)
@mtsliveSITUATION EXPLAINED: CXMT confirmed to IPO July 27, valued at $85 billion, Asia's biggest listing this year. • ChangXin Memory Technologies (CXMT) priced its Shanghai STAR Market IPO at 8.66 yuan a share, raising $8.6 billion, an implied v
@dadstreetnewsChina’s biggest chip IPO ever lands Monday. ChangXin Memory Technologies lists on Shanghai’s STAR Market on July 27 at 8.66 yuan (~$1.28–1.30) a share. Raising ~$8.5B (up to $9.8B with overallotment), valuing the company around $85 B. La
@pequityresearchMajor news on CXMT & YMTC all at once. 1. CXMT plans expansion that may more than double monthly wafer output 2. CXMT inks five-year ByteDance supply agreement valued over $7 billion. 3. Trump administration split on additional limits
@financialjuiceCXMT inks five-year ByteDance supply agreement valued over $7 billion: sources
@financialjuiceCXMT plans expansion that may more than double monthly wafer output: sources
@businessInvestors are looking to Monday’s trading debut of CXMT to help renew a rally in Chinese semiconductor stocks that has been on pause ahead of the memory giant’s IPO
@cnbcChina's largest memory chipmaker sparks fears of a cash drain before blockbuster IPO