China's CXMT memory chip maker IPO debuts 470%+ in Shanghai, armed with $8.6 billion to compete with SK Hynix and Micron in DRAM and HBM

China's CXMT memory chip maker IPO debuts 470%+ in Shanghai, armed with $8.6 billion to compete with SK Hynix and Micron in DRAM and HBM

Supply-chain shock; disrupts established memory chip duopoly with China's first major indigenous manufacturer at scale entering market