Chipmaker CXMT becomes mainland China's most valuable listed firm

CXMT, a chipmaker, has become mainland China's most valuable listed firm after a successful market debut. The company's shares experienced a significant surge of 470% on its first day of trading. This substantial increase is largely driven by the growing demand for chips due to the AI boom. CXMT's valuation now surpasses that of other major Chinese companies, solidifying its position as a leader in the industry.

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