CXMT: Share Price Rises by 466 Percent—What Can China's DRAM Champion Really Do?

Source Summary

China's largest DRAM manufacturer, CXMT, had a spectacular start at its stock market debut in Shanghai. The share price rose by 466 percent, and the market value reached nearly 488 billion USD. CXMT plays a key role in China's efforts to become more independent in memory chips. However, the company is still technologically behind the global leaders.