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ChangXin Memory Technologies is scheduled for a STAR Market IPO review on May 27, a pivotal step toward listing that could unlock ¥29.5 billion for DRAM wafer capacity, technology upgrades and next‑generation R&D. The Hefei‑ and Beijing‑based firm, ranked China’s No.1 and global No.4 DRAM maker, reported robust quarterly results and issued blockbuster H1 2026 guidance—implying steep year‑over‑year revenue and profit gains—underscoring its rapid expansion across server, mobile, PC and automotive markets. The listing would strengthen ChangXin’s capital access and competitiveness amid intensifying global memory‑chip competition and broader Chinese semiconductor supply‑chain ambitions.
ChangXin's STAR Market approval would provide major funding for DRAM capacity and R&D, affecting memory supply and competition. Tech professionals should monitor how increased Chinese DRAM output and investment reshape supply chains and vendor dynamics.
Dossier last updated: 2026-05-27 09:51:02
China’s DRAM maker ChangXin Memory (长鑫科技) received approval from the Shanghai Stock Exchange listing committee for a STAR Market (科创板) IPO that seeks to raise ¥29.5 billion to fund DRAM wafer manufacturing upgrades, technology improvements, and forward-looking R&D. The company posted explosive 2026 Q1 results—¥50.8 billion revenue (up 719%) and ¥33.012 billion net profit (up 1,268%)—and forecasts H1 revenue of ¥110–120 billion and net profit of ¥50–57 billion. ChangXin designs, produces and sells DDR and LPDDR DRAM products, operates three 12-inch DRAM fabs in Hefei and Beijing, and is ranked China’s largest and the world’s fourth-largest DRAM supplier by capacity and shipments (Omdia). The IPO would bolster China’s domestic memory supply chain.
ChangXin Memory Technologies (长鑫科技) received approval from the Shanghai STAR Market listing committee for its IPO, clearing a key regulatory step toward a public listing. The approval, reported by 36Kr on May 27, 2026, positions the memory-chip maker to access capital markets to fund expansion amid global demand for memory ICs. Approval by the STAR Market committee is a pivotal milestone that shortens the path to listing and signals regulator confidence, which could impact supply chains, domestic semiconductor capacity, and investor interest in China's chip sector. The move matters for China’s push to bolster local semiconductor capabilities and for companies tracking memory-supply dynamics.
DRAM maker ChangXin Memory's founder and chairman Zhu Yiming has pledged to transfer 768 million shares—nearly half his stake—to employee incentive plans after the company's planned Sci-Tech Board IPO, and has committed that his holdings will be locked for 10 years with subsequent annual sales capped at 20% over a 20-year horizon. Zhu currently holds 1.598 billion shares (2.6561% total). ChangXin reported explosive 2026 Q1 results and projects massive H1 revenue and profit growth; the IPO aims to raise ¥29.5 billion to fund DRAM wafer production upgrades and advanced memory R&D. The Shanghai Stock Exchange listing committee will review the IPO on May 27, 2026.
China’s DRAM maker ChangXin Memory Technologies (长鑫科技) will be reviewed by the Shanghai Stock Exchange listing committee on May 27 for its STAR Market (科创板) IPO. The company plans to raise ¥29.5 billion for DRAM wafer production upgrades, DRAM technology advancement, and R&D on next‑generation DRAM. ChangXin reported explosive growth guidance for H1 2026—¥1100–1200 billion revenue (up ~612–677%) and ¥500–570 billion net profit (up ~2244–2544%)—and earlier posted strong quarterly results. The firm operates three 12-inch DRAM fabs in Hefei and Beijing, offers DDR/LPDDR products and modules, serves servers, mobile, PC and automotive markets, and is ranked China’s No.1 and global No.4 DRAM maker by Omdia.
Shanghai Stock Exchange's listing review committee will meet on May 27, 2026 to review ChangXin Memory Technologies (长鑫科技) Group Co., Ltd.'s Sci-Tech Innovation Board (科创板) initial public offering. The notice was listed on the exchange website and reported by 36Kr. This scheduling moves ChangXin a step closer to a public listing, which matters for the semiconductor supply chain and memory-chip market in China by potentially boosting the company's access to capital for production, R&D and competitiveness amid global memory-chip competition.