Chinese memory giant CXMT Corp. (formally Chang Xin Memory Technologies Inc.) unveiled terms for its initial public offering on Shanghai's chip-heavy STAR Board, seeking to raise approximately $9.8 Billion.

The company priced the offering at 8.66 yuan per share, according to a filing Tuesday. The offering consists of 6.69 billion shares, or 7.69 billion shares including an overallotment option.

The IPO marks a significant milestone for China's semiconductor ambitions, as CXMT aims to strengthen its position in the global memory chip market amid ongoing technology tensions.

Reported by David Morris on July 14, 2026, the listing underscores Beijing's push for self-sufficiency in critical chip technologies.