ChangXin Memory Technologies (CXMT) perpetual market

ChangXin Memory Technologies, known as CXMT, is a Chinese semiconductor manufacturer based in Hefei that designs and produces dynamic random-access memory, or DRAM. Founded in 2016, it is China's largest and most advanced domestic memory maker and one of the few producers outside the established leaders to reach mass production of modern DRAM. Its product range spans DDR4 and DDR5 chips used in computers and servers and LPDDR chips used in smartphones and other mobile devices, placing it in direct competition with Samsung, SK Hynix and Micron. The company is partly state backed, with local government and state-linked investors among its major shareholders, reflecting China's drive toward self-sufficiency in memory chips. CXMT listed on the Shanghai Stock Exchange's STAR Market in July 2026 under the code 688825, in one of Asia's largest offerings of the year.