Explainer: Why investors are betting big on China’s chipmaker CXMT
China’s ChangXin Memory Technologies (CXMT) became the country’s most valuable listed company after its shares surged 470% in their Shanghai debut on Monday, highlighting strong investor enthusiasm for a domestic semiconductor champion at the centre of Beijing’s push for technological self-reliance, Reuters reported. The memory chipmaker raised 57.92 billion yuan ($8.6 billion) through its initial…