The IPO application of CXMT for STAR Market has been accepted, with plans to raise 29.5 billion yuan

According to the official website of the Shanghai Stock Exchange, the listing application of CXMT for the STAR Market has been accepted and entered the pre-review stage. The company plans to raise 29.5 billion yuan, which will be primarily allocated to projects such as the technological upgrade and transformation of the memory wafer mass production line, DRAM memory technology enhancement, and forward-looking research and development of dynamic random-access memory (DRAM).