ChangXin Memory Technologies expects to raise 57.9 billion yuan ($8.55 billion) in its Shanghai STAR Market IPO after doubling its original target. The world's fourth-largest DRAM chipmaker will list on July 27, advancing China's push for semiconductor self-reliance.
CXMT is the world's fourth-largest DRAM chipmaker.
The IPO comes as China pushes to reduce reliance on foreign semiconductor technology.
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