According to its IPO prospectus, CXMT held a 7.67% share of the global DRAM market in 2025 based on fourth-quarter sales figures.
The global sector remains primarily dominated by Samsung Electronics, SK Hynix, and Micron Technology.
"I have no doubt the company is going to grow to be a global leader.
It's maybe just a question of time that it can be not only a challenger, it can be a global champion in this particular sector," said Shou.
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Founded in 2016 by Chairman Zhu Yiming, CXMT plans to deploy the capital raised primarily toward memory wafer mass production and research projects to expand its manufacturing capacity.
