export CXMTChinese chipmaker stock surges 466% in a day
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Shares of Chinese memory chipmarker ChangXin Memory Technologies (CXMT) rose 466 per cent when they were listed in Shanghai on July 27. Launched in 2016 as a supplier of low-power memory for personal devices, CXMT has since scaled up to make advanced DDR5 products for computers and servers as China works to replace imported chips with domestic alternatives.
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