Tag: $CXMT

Samsung Electronics and SK Hynix shares fell more than 3% on Monday as Chinese memory chipmaker ChangXin Memory Technologies (CXMT) reported progress on a next-generation DRAM design that could help increase storage density and intensify competition with South Korea’s chipmakers.

Shares of chipmaker Changxin Technology Group soared nearly 466% Monday in their debut on Shanghai’s tech-heavy STAR Market, making CXMT the most valuable China-listed company.