The Chinese media report stated that the Chinese certificate supervisor document shows that Changxin Technology, the parent company of China's DRAM manufacturer Changxin Cunjia, launched the first public listing (IPO) guidance procedure on the 7...
The Chinese media report stated that the Chinese certificate supervisor document shows that Changxin Technology, the parent company of China's DRAM manufacturer Changxin Cunjia, launched the first public listing (IPO) guidance procedure on the 7th, laying the foundation for the road to listing.
Changxin Technology has hired well-known CICC and CITIC Construction Investment Securities to take financial consultants for their IPO. However, as of now, the supervision document has not disclosed which exchange listing and timetable of Changxin Technology. As of the time of publication, Changxin Cunqian has not responded to the news.
According to the information of the enterprise information platform Qicha, Changxin Cash is an important all-invested subsidiary of Changxin Technology, with a registered capital of up to RMB 60.2 billion (approximately US$8.39 billion). Nevertheless, the supervisory document did not clearly state whether this listing would cover the main or core assets of Changxin Cash.
Changxin Cunjian was established in 2016 and received policy-based funds from the Chinese government. It is an important plan for China to break through the global DRAM market for a long time from several large chip manufacturers in the United States, Japan and South Korea. DRAM is the core storage element in modern computing devices, and can also store data through power supply, so it is widely used in smartphones, servers, data centers, etc.
Changxin Cunyuan has two crystalline factories in China. The first factory is located in Hefei, Anhui Province. The second crystalline factory will be built in Beijing in 2020. The first phase of the production line will be invested in September 2023, and the second phase will be operated in 2024. According to market insiders, Changxin Cunchuang currently has a monthly production capacity of about 200,000 pieces of 12-inch crystal circle.
Although the US government considered including Changxin deposits in its actual list in May 2025, it was not officially included. However, Changxin Cash has been affected by export restrictions imposed by the United States since October 2022. The purpose of these measures is to curb China's technological development and global competition in the DRAM manufacturing field.
