CXMT currently stands as China's primary producer of dynamic random-access memory (DRAM) and holds the fourth-largest market share globally. These memory chips are essential components for artificial intelligence systems, servers, computers, and mobile phones. Supported by significant government investment as part of China's strategy to reduce dependence on international semiconductor suppliers, the company is also seeing growth from the surge in AI-related needs. CXMT is planning to secure a minimum of $8.6 billion (₹82,756 crore) through an initial public offering this month.

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