Shares of China’s CXMT Slide 7.7% Ahead of Opening Bell
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Shares of Chinese Chipmaker Cxmt Set to Open 7.7% Lower at 45.22 Yuan
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FirstFT: Chinese chip champion CXMT surges 466% in market debut
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quote: First reported here on July 6
China CXMT Testing Production Line for Next-Gen Bonded DRAM, Closing Tech Gap With Korea "Far Faster Than Expected"
https://www.zerohedge.com/technology/china-cxmt-testing-production-line-next-gen-bonded-dram-closing-tech-gap-korea-far https://x.com/wccftech/status/2081799374838059269 | China's CXMT is reportedly among the first Chinese semiconductor players slated to receive domestically developed DUV lithography machines this August, a major boost that could supercharge the company's next-generation memory ambitions. https://t.co/fKGIOVoYJI
CXMT just had the most absurd debut in semiconductor history. Priced at ¥8.66, opened at ¥49.50, closed +466% at ¥49. Market cap: ~$488B — bigger than Intel. A DRAM maker that didn't exist ten years ago. (1/2)🧵
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Goldman Warns 'Memory Industry Has A New Problem' As China Chipmaker CXMT Explodes Over 450% In IPO Debut https://www.zerohedge.com/markets/goldman-warns-memory-industry-has-new-problem-china-chipmaker-cxmt-explodes-over-400-ipo
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Top Overnight News
Iran will halt its own attacks as long as the United States does the same, a senior Iranian official told Reuters on Sunday. The development comes as the United States pressed pause on its bombing campaign after President Donald Trump's advisers told him they were running out of targets and expressed worries about depleting the U.S. arsenal. RTRS
A US appeals court refused the DOJ’s request to let federal officials move ahead with Trump’s mail-voting overhaul ahead of the November midterm elections. BBG
DeepSeek is said to have told prospective investors it’s pausing a fundraising round, after comments widely attributed to its founder about US-China AI competition went viral. BBG
CXMT jumped 466% in its Shanghai debut after the chipmaker raised $9.8 billion in its IPO, turning it into China’s largest onshore-listed company. BBG
The ECB will have to raise interest rates at least one more time to ensure that inflation risks don’t spin out of control, Governing Council member Peter Kazimir said. BBG
The Agriculture Department is lifting a more than yearlong ban on Mexican cattle imports, a move that could ease soaring beef prices. The U.S. plans to resume importing Mexican cattle at the port of entry in Douglas, Ariz., in 30 days and eventually open two additional ports of entry in New Mexico.
Big Companies Are Starting to Hire Again, Defying Predictions of AI Wipeout. After a year of holding back on new hires, companies from tech and transportation to defense now say they need more people to work alongside AI. WSJ
Employers fear labor shortage as many immigrants lose protected status. A recent Supreme Court ruling cleared the way for the Trump administration to end a humanitarian program that has allowed about 1 million immigrants to work illegally in the US. NYT
Nvidia is in talks to provide a guarantee of as much as $250 billion to help OpenAI lease computing from a data center project in Ohio, people familiar said. BBG
Mirroring the pre-election patterns in uncertainty, volatility, and investor flows, US equities have typically traded sideways in the few months ahead of midterms. US equity returns are generally modest during this part of the calendar year but have been weaker on average in midterm election years. During midterm election years of the past few decades, the S&P 500 has generated a median return of 0% from the start of August through Election Day. Returns have typically improved as uncertainty subsided post-election, with the S&P 500 returning a median of 6% in the subsequent 3 months. Goldman Research
Sources say Bipartisan Senate talks over funding federal agencies past the 30th September deadline are trending in the right direction: Punchbowl
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CHINA'S CXMT JUMPS 465% ON DEBUT, TOPS INTEL'S MARKET CAP
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Chipmaker CXMT’s blockbuster debut lifts China stocks
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China Memory Chipmaker CXMT Soars 472% in Shanghai Debut
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Chinese chipmaker CXMT soars almost 500% in market debut
Mainland’s biggest IPO since 2010 reflects booming demand for AI memory semiconductors https://www.ft.com/content/8e82e939-908b-42bf-a314-0bb02a3f1b07?syn-25a6b1a6=1
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🚨BREAKING: China's chipmaker CXMT jumps 472% in its Shanghai debut, becoming the country's largest-ever listing from onshore after a $9.8 billion IPO.
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🚨BREAKING: China's chipmaker CXMT jumps 472% in its Shanghai debut, becoming the country's largest-ever listing from onshore after a $9.8 billion IPO.
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Shares of Chinese Chipmaker Cxmt Up 500%
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quote: CXMT raised $8.6B today. Retail oversubscribed it 243X.
Here's the thing: unless you're in mainland China, you can't buy it. STAR Market is closed to foreign retail, and no tokenization platform rails covers A-shares yet.
The hottest IPO of 2026 is unbuyable for the rest of the world.
That's the gap tokenized stocks exist to close. When the rails get there - Ondo, xStocks, bStocks, rTokens on any chain - Ethereum, Robinhood chain. Pundi X will be ready with the baskets.
Retail wins with onchain. | CXMT raised $8.6B today, the biggest semiconductor IPO in Chinese history.
Now the ASEAN story.
A chip fab like CXMT's is full of American-designed machines (Applied Materials, Lam Research, KLA). Those machines aren't a one-time purchase: they need constant spare parts, maintenance engineers, refurbishment, and process-control support for their entire life. Think aircraft, not Popmart toy.
Direct US-to-China equipment sales collapsed under export controls to $2B last year. Yet China imported $5.7B of chipmaking equipment from Singapore and $3.4B from Malaysia, 4.5X what it buys from America directly, because the same American toolmakers now manufacture and service tools from there, fully within US compliance rules.
Part of why SG and MY macro numbers only go up. The average person doesn't feel it though: cai fan and nasi portions keep shrinking while prices keep climbing.
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Chinese chipmaker CXMT’s shares set to open about 470% higher in Shanghai trading debut
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*CHINA CHIPMAKER CXMT JUMPS 472% IN DEBUT AFTER $9.8 BILLION IPO
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Chinese Chipmaker Cxmt Set to Open at Roughly 49.5 Yuan Per Share vs IPO Price of 8.66 Yuan
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China’s chipmaker CXMT expected to jump roughly 470% at Shanghai listing debut.