China's CXMT climbs as new memory-chip platform enters mass production

SK hynix

21/09/2026 06:02

** Shares of Chinese DRAM chipmaker CXMT Corp 688825.SS climb 5.8% to 58.76 yuan, their highest since September 9
** Stock set for the biggest one-day pct gain since September 7, in second straight session of gains
** CXMT said on Sunday its fifth-generation technology platform had entered mass production, a claimed breakthrough that could help China build a stronger competitor to Samsung Electronics 005930.KS, SK Hynix 000660.KS, and Micron Technology MU.O in the global market for memory chips
** The new platform is designed to make more powerful memory chips at lower cost and with less power use 
** CXMT also unveiled two 24-gigabit LPDDR5X chips, a power-saving type of DRAM used mainly in smartphones and other portable electronics
** Since debut on July 27, stock up 559.9% from the IPO price of 8.66 yuan per share
** YTD, benchmark CSI300 Index .CSI300 down 2.2%



 (Reporting by Donny Kwok)
 ((donny.kwok@thomsonreuters.com))