From:
https://www.rt.com/news/643562-cxmt-chips-ipo-defies-us-pressure/

Chinese chip giant defies US pressure with 466% debut surge
The blockbuster IPO has made CXMT mainland China?s most valuable listed company Published 28 Jul, 2026 11:15 | Updated 28 Jul, 2026 14:09
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China?s largest memory-chip maker, ChangXin Memory Technologies (CXMT),
has become the mainland?s most valuable listed company after its shares jumped more than five fold on their market debut.

The company raised 57.9 billion yuan ($8.6 billion) in Asia?s biggest IPO of the year on Monday.
Its shares surged 466% in Shanghai trading,
leaving it with a market capitalization of around 3.3 trillion yuan.

Founded in 2016, CXMT has emerged as China?s leading producer of dynamic random-access memory (DRAM) chips,
used in smartphones, personal computers, servers, AI systems, and military equipment.
The company now accounts for roughly 8% of the global DRAM market,
making it the world?s fourth-largest manufacturer behind Samsung Electronics, SK Hynix, and Micron.

The US has been trying for years to hold back China?s semiconductor industry. Since 2022, Washington has imposed sweeping export controls on advanced chipmaking equipment and technology,
expanding them further in late 2024 to target China?s ability to manufacture cutting-edge semiconductors.
The restrictions were intended to limit China?s access to the tools needed to produce the most advanced chips
used in AI and military applications.

That has left CXMT?s products about one generation behind industry leaders, the South China Morning Post reported.
Even so, the company has continued to expand production amid soaring AI-driven demand for memory chips.

According to the company?s IPO prospectus cited by China Daily,
CXMT plans to use the IPO proceeds to increase manufacturing capacity, upgrade its DRAM technology,
and fund research and development.

Semiconductors have have become a main front in the race between the US and China for technological leadership.
While US officials say export controls are needed to preserve America?s lead in advanced chips,
China has accelerated investment in domestic chip design, manufacturing and research.

The IPO follows a series of advances by China?s technology sector.
Last month, a Chinese-built supercomputer reclaimed the top spot in the global TOP500 rankings,
while domestic companies have continued to improve AI processors, semiconductor manufacturing equipment,
and other high-performance computing technologies despite US restrictions.

Beijing is seeking to play a larger role in shaping the global technology landscape.
Earlier this month, China and Russia joined 27 other countries in establishing the World Artificial Intelligence Cooperation Organization (WAICO),
a Shanghai-based body designed to promote global AI governance to make the technology safe, fair, and beneficial to all of humanity.

You can share this story on social media:

--- PyGate Linux v1.5.19
* Origin: Dragon's Lair, PyGate NNTP<>Fido Gate (3:633/10)

|----------------------------------------------------------------------------| |"The restrictions were intended to limit China?s access to the tools needed"| |----------------------------------------------------------------------------|

I recall that the European Space Agency became founded because the
United States of America decided to restrict European countries from
accessings space.
(S. HTTP://Gloucester.Insomnia247.NL/ fuer Kontaktdaten!)

--- PyGate Linux v1.5.19
* Origin: Dragon's Lair, PyGate NNTP<>Fido Gate (3:633/10)

Like most RT stories, the article distorts reality. A frenzy of financial market speculation does not equate to technological success.

CXMT isn't going into the AI DRAM market. They're going after the low-end consumer and automotive DRAM markets, which are experiencing severe supply shortages driven by AI demand for DRAM manufacturing capacity. It has nothing to do with China suddenly acquiring expertise in advanced DRAM manufacturing, because they're not going there. The big players in the high-bandwidth memory HBM industry from Taiwan, S.Korea, and the U.S. overstated their capability, as indicated by total manufacturing attrition rates of between 40-60%. That's attrition, not yield.

https://www.utmel.com/blog/categories/memory%20chip/2026-dram-and-the-3-to-1-hbm-rule-market-supply-analysis-and-b2b-procurement-guide

--
For full context, visit https://www.electrondepot.com/electrodesign/chinese-chip-giant-defies-us-pressure-with-466-debut-surge-4407456-.htm


--- PyGate Linux v1.5.19
* Origin: Dragon's Lair, PyGate NNTP<>Fido Gate (3:633/10)

That's one way to put it, but not quite accurate. The U.S. refused to launch Euro commercial satellites that would compete with U.S. monopolies.

From the ESA itself:

While Europe and the U.S. routinely cooperated on scientific missions, the U.S. refused to launch European commercial satellites that could compete with American telecommunications monopolies. This restriction directly forced European nations to unite to build their own independent rocket program.

--
For full context, visit https://www.electrondepot.com/electrodesign/chinese-chip-giant-defies-us-pressure-with-466-debut-surge-4407456-.htm


--- PyGate Linux v1.5.19
* Origin: Dragon's Lair, PyGate NNTP<>Fido Gate (3:633/10)

Thanks to someone for correctly reporting about ESA.
(S. HTTP://Gloucester.Insomnia247.NL/ fuer Kontaktdaten!)

--- PyGate Linux v1.5.19
* Origin: Dragon's Lair, PyGate NNTP<>Fido Gate (3:633/10)

Jan Panteltje <alien@comet.invalid> spake the secret code <114c378$ke94$1@dont-email.me> thusly:

Chinese chip giant defies US pressure with 466% debut surge

Another day, another RT-to-Jan copy/paste pipeline dumping Beijing
financial fanfic into sci.electronics.design and pretending a stock-pop headline is an electronics discussion. Is Jan a CCP shill? Who knows;
maybe he does this for free, which would be sadder. But when the pattern
is Chinese rocket cheerleading, "bye bye Elon" garnish, America-decline sneering, and now a breathless recital of an IPO victory lap from RT, the difference between paid propaganda and volunteer pom-pom work becomes
mostly tax accounting. If there is an actual design topic here, name it:
DRAM cell structure, process node, yield, lithography limits, controller interface, retention, ECC behavior, power, timing, packaging, test, failure analysis, anything. Otherwise this is not sci.electronics.design; it is
Jan standing in the aisle again, ringing his little red bell and yelling
that the press release has defeated imperialism.

The constant America sneer has the unmistakable smell of small-pond envy dressed up as sophistication: the fellow peering over the fence, pretending
his little bicycle path worldview is moral superiority, while millions of Americans can drive for hours on open highways, cross deserts, mountains, forests, and cities, and still not leave their home state. That kind of
space drives certain cramped imaginations insane. So they convert envy
into commentary, call it critique, and paste another Chinese press release
as proof that the large, loud, impossible country they resent is finished
this time for sure.
--
"The Direct3D Graphics Pipeline" free book <http://tinyurl.com/d3d-pipeline>
The Terminals Wiki <http://terminals-wiki.org>
The Computer Graphics Museum <http://computergraphicsmuseum.org>
Legalize Adulthood! (my blog) <http://legalizeadulthood.wordpress.com>

--- PyGate Linux v1.5.19
* Origin: Dragon's Lair, PyGate NNTP<>Fido Gate (3:633/10)

On 1/08/2026 12:57 am, Richard wrote:

Jan Panteltje <alien@comet.invalid> spake the secret code <114c378$ke94$1@dont-email.me> thusly:

Chinese chip giant defies US pressure with 466% debut surge

Another day, another RT-to-Jan copy/paste pipeline dumping Beijing
financial fanfic into sci.electronics.design and pretending a stock-pop headline is an electronics discussion. Is Jan a CCP shill? Who knows;
maybe he does this for free, which would be sadder. But when the pattern
is Chinese rocket cheerleading, "bye bye Elon" garnish, America-decline sneering, and now a breathless recital of an IPO victory lap from RT, the difference between paid propaganda and volunteer pom-pom work becomes
mostly tax accounting. If there is an actual design topic here, name it: DRAM cell structure, process node, yield, lithography limits, controller interface, retention, ECC behavior, power, timing, packaging, test, failure analysis, anything. Otherwise this is not sci.electronics.design; it is
Jan standing in the aisle again, ringing his little red bell and yelling
that the press release has defeated imperialism.

The constant America sneer has the unmistakable smell of small-pond envy dressed up as sophistication: the fellow peering over the fence, pretending his little bicycle path worldview is moral superiority, while millions of Americans can drive for hours on open highways, cross deserts, mountains, forests, and cities, and still not leave their home state. That kind of space drives certain cramped imaginations insane. So they convert envy
into commentary, call it critique, and paste another Chinese press release
as proof that the large, loud, impossible country they resent is finished this time for sure.

I think that this over-dramatises Jan. He's not representative of Dutch culture in any way, any more than John Larkin is representative of
American culture. Like John, he's excessively influenced by the
propaganda he runs into.

Somebody like

https://en.wikipedia.org/wiki/Robbert_Dijkgraaf

is more mainstream. From July 2012 to 2022 he ran the Institute for
Advanced Study in Princeton, New Jersey, then served as the Dutch
Minister for Education, Culture and Science from 2022 to 2024 Like my
wife, he'd won a Dutch Spinoza Prize, which meant that I got to meet him
once. Unlike her he'd showed up on Dutch TV as science exert from time
to time, and he came across as perfectly sensible, which Jan Panteltje
can't manage.

The Australian equivalent might be

https://en.wikipedia.org/wiki/Barry_Jones_(Australian_politician)

whom I've met more often (also through my wife, but via her father and
couple of Australian friends in Labor politics). He's less academic -
science teacher rather than university professor - but more influential. Barry's book "Sleeper's Awake!" has influenced a lot of people around
the world.

--
Bill Sloman, Sydney

--- PyGate Linux v1.5.19
* Origin: Dragon's Lair, PyGate NNTP<>Fido Gate (3:633/10)