CXMT's 466% listing pop makes it China's most valuable co
Singapore|Shanghai: Shares of CXMT Corp soared 466% on their Shanghai trading debut on Monday following Asia's biggest IPO this year, catapulting the chipmaker to the top of China's stock market by valuation despite a recent selloff in global tech stocks.
As US curbs intensify competition in the global semiconductor race, CXMT has emerged as a key pillar of Beijing's drive to build a self-sufficient chip industry and close the gap in strategic technologies such as artificial intelligence.
As US curbs intensify competition in the global semiconductor race, CXMT has emerged as a key pillar of Beijing's drive to build a self-sufficient chip industry and close the gap in strategic technologies such as artificial intelligence.
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