China memory chipmaker CXMT set for Shanghai debut after Asia’s biggest IPO

China memory chipmaker CXMT is preparing for its Shanghai debut following Asia’s largest IPO, which raised $8.6 billion. This successful offering highlights the growing influence of China within the semiconductor sector and challenges existing global tech dynamics. The event takes place against the backdrop of US-China trade tensions. CXMT's entry into the public market signifies a major milestone for the company and the broader regional industry after securing this substantial amount of capital.