Changxin Memory Technologies Raises Billions on Shanghai Star Market

China’s memory chip sector has expanded rapidly as ChangXin Memory Technologies completed a stock market debut on July 27, 2026, raising billions on the Shanghai Stock Exchange’s STAR Market.

The newly public memory manufacturer secured 57.9 billion RMB, roughly equivalent to 8.6 billion US dollars, according to TechNode. That figure outpaces the previous STAR Market record set by Semiconductor Manufacturing International Corporation in 2020, 36Kr reported.

Mainland memory firms see rising profits

The broader list of twelve mainland-listed memory enterprises includes five fabless designers, four module makers, and one distributor alongside primary fabricators. Profitability across the group rebounded during the first half of 2026 as contract prices for DRAM and NAND rose.

Combined net income for twelve mainland-listed memory firms reached 117.2 billion RMB for the first half of 2026, reversing a 502 million RMB loss from the previous year, Yicai Global reported. CXMT posted 77.6 billion RMB in net profit with an 85 percent gross margin during that period.

Contract prices for conventional DRAM were projected to rise 10 to 15 percent in the fourth quarter of 2026 compared to the prior quarter, while NAND prices faced expected increases of 15 to 20 percent, according to TrendForce estimates. Spot prices for certain PC DRAM configurations also reached record levels by October 2026, Tech Insider reported.

Yangtze Memory Technologies pursues STAR Market listing

Yangtze Memory Technologies Corporation, identified as China’s leading NAND flash producer by Caixin Global, saw its parent company pursue a STAR Market listing targeting 33 billion RMB after an initial application acceptance on August 21, 2026.

Reports indicating potential delays for the offering surfaced via DealStreetAsia, though industry sources cited by TrendForce suggested timelines remain fluid.

Questions about Chinese memory chip companies

Which Chinese memory chip companies are currently publicly traded?

Twelve memory-focused companies are listed on mainland exchanges, led by CXMT and GigaDevice. Four of these firms also maintain secondary listings in Hong Kong.

How does CXMT differ from other listed Chinese semiconductor firms?

CXMT operates as a memory manufacturer that fabricates DRAM in its own plants, whereas most other listed Chinese memory firms focus on fabless design or module assembly.

What factors drove the financial recovery of Chinese memory chip makers in 2026?

Rising contract prices for DRAM and NAND, driven by demand for artificial intelligence servers, pushed combined first-half net income past 100 billion RMB.