China’s Biggest Chip IPO Creates a $500 Billion Rival for Micron as Apple Reportedly Tests CXMT Memory Chips
China's CXMT hits a $500B market cap after a 500% IPO surge. Apple is testing its DRAM chips as the memory giant aims to rival Micron.
A Chinese company called CXMT just became huge and is trying to make computer memory chips like Micron does, and Apple is testing them out. This shows China is getting better at making advanced chips, which is something investors watch to understand how competition is changing.
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Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
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