CXMT eyes second Beijing chip plant after blockbuster IPO

CXMT, China's largest chipmaker by market value, is in early talks to fund a second DRAM plant in Beijing, per Reuters. This follows a Shanghai IPO that raised $8.6 billion and sent shares up 466%, valuing the firm near $488 billion — over half of Micron's valuation despite a far smaller global DRAM market share.