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Bloomberg

CXMT Rival YMTC Moves Closer to China’s Next Marquee Chip IPO

Wednesday, August 19, 2026


Yangtze Memory Technologies Co. announced plans to pursue an initial public offering in China. The move follows China Xintai Semiconductor Manufacturing Co.'s recent share sale. Both companies manufacture memory chips.

Original reporting: https://www.bloomberg.com/news/articles/2026-08-19/cxmt-rival-ymtc-moves-closer-to-china-s-next-marquee-chip-ipo

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