What is CXMT and how did it become China's DRAM champion?

WIRE — BEIJING — China's CXMT became the country's most valuable listed company after its shares surged more than 500% in their Shanghai debut on Monday, highlighting fervent investor backing for a homegrown chip champion at the heart of Beijing's push for technological self-reliance. ChangXin Memory Technologies, China's leading producer of DRAM chips, raised 57.92 billion yuan

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