China’s CXMT Surges 466% After IPO, Micron Stock, Other Memory Plays Slip
China’s ChangXin Memory Technologies (CXMT) has made a significant market debut with a $484 billion IPO, entering the competitive memory chip industry, where demand is high. This move introduces a new competitor to Micron Technology, which has seen its stock surge over 700% in the past year, highlighting a growing landscape for memory chip producers.
Author
Callum Keown
Source
Barron's
Published
Monday, July 27, 2026
Time
8:17 AM EDT
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Micron Technology stock has climbed more than 700% over the past year. (Photograph by Tomohiro Ohsumi/Bloomberg)
Sometimes three’s a crowd. But when it comes to the memory boom, there’s room, and plenty of demand, for more chip makers—including China’sChangXin Memory Technologies(CXMT), which IPO’ed on Monday, bringing one of Micron Technology’s competitors public.
