Foreign Media: China's Two Major Memory Chip Giants Race for IPO, Targeting Samsung and SK Hynix
Two major Chinese memory chip companies are accelerating their listings, posing a long-term strategic threat to South Korean chip giants.
The largest DRAM (Dynamic Random Access Memory) manufacturer in China, CXMT (Longxin Memory Technologies), has received approval for an IPO worth nearly 30 billion RMB (about 4.4 billion USD) in Shanghai; meanwhile, YMTC (Yangtze Memory Technologies), the leading NAND flash memory company, has also begun preparations for its listing and may formally submit its application as early as June, with proceeds intended for equipment procurement and research and development investments.
Ray Wang, analyst at Seoul-based semiconductor research firm SemiAnalysis, noted that CXMT’s approval for listing is "highly significant," serving as strong evidence of the growing maturity of China’s memory chip industry and its emerging structural competition with peers from the U.S. and South Korea—despite still lagging behind technologically by several years.
Both companies have benefited from the global upswing in memory chip demand driven by artificial intelligence. Analysts believe that the simultaneous push toward IPOs marks a profound transformation within China’s semiconductor industry: Chinese memory chip firms are evolving from mere technology followers into increasingly competitive challengers in the global market, posing a growing and undeniable pressure on industry leaders such as Samsung and SK Hynix.
Original article: toutiao.com/article/1867256345607370/
Disclaimer: The views expressed in this article are those of the author(s) personally.