AI boom: CXMT rises to China’s most valuable stock exchange group
CXMT had forecast 110 to 120 billion yuan for the same period, less than a third of Tencent sales
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Summary
CXMT had forecast 110 to 120 billion yuan for the same period, less than a third of Tencent sales. August 2026, 8:58 PM Chinese chip manufacturer CXMT just went public, now it is the most valuable listed company in China. © Andre M. Chang/ ZUMA Press Wire/ dpa A chip manufacturer that has only been trading on the stock exchange for a few weeks has become the most valuable listed company in China. Tencent was still worth about 442 billion euros after losses.
Furthermore, On Thursday, CXMT reached a market value of approximately 455 billion euros. In terms of sales, Tencent continues to be significantly larger. Memory chip shortage drives the business CXMT is China's largest manufacturer of such chips.
In addition, However, the gap with the market leaders Samsung, SK Hynix and Micron remains large. Since the second half of last year, the prices for so-called DRAM chips have therefore risen sharply.
Cross-referenced from 4 sources.
Factual coreconfirmed by several independent voices
CXMT had forecast 110 to 120 billion yuan for the same period, less than a third of Tencent sales.
reliability low1/3 sourcesAugust 2026, 8:58 PM Chinese chip manufacturer CXMT just went public, now it is the most valuable listed company in China. © Andre M. Chang/ ZUMA Press Wire/ dpa A chip manufacturer that has only been trading on the stock exchange for a few weeks has become the most valuable listed company in China.
reliability low1/3 sourcesTencent was still worth about 442 billion euros after losses.
reliability low1/3 sourcesOn Thursday, CXMT reached a market value of approximately 455 billion euros.
reliability low1/3 sourcesIn terms of sales, Tencent continues to be significantly larger.
reliability low1/3 sourcesMemory chip shortage drives the business CXMT is China's largest manufacturer of such chips.
reliability low1/3 sourcesHowever, the gap with the market leaders Samsung, SK Hynix and Micron remains large.
reliability low1/3 sourcesSince the second half of last year, the prices for so-called DRAM chips have therefore risen sharply.
reliability low1/3 sources
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Major CXMT shareholders include state-owned Chinese funds and regional investment companies. © dpa-infocom,..
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