CXMT Becomes China's Most Valuable Company As UBS Calls Apple Sourcing Report A "Key Catalyst"
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Source: Zero Hedge
Published: 2026-08-17 21:45 UTC+10:00
Section: General
Factuality Score: 100
Opinion Category: Neutral
Topics: Business, Asia, Technology & AI, Economy & Finance, China, Financial Markets, Business & Economy, Asia Pacific
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Snippet:
Shares of ChangXin Memory Technologies (CXMT), China's top DRAM maker, surged 12% to a record 61.80 yuan on Monday, lifting its market capitalization to 4.13 trillion yuan. The upside is because reports that Apple is considering using CXMT memory chips, alongside continued momentum across chip stocks following last week's gains in SanDisk and Micron.
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