Shares of ChangXin Memory Technologies (CXMT), China’s leading maker of dynamic random-access memory (DRAM) chips, rose 472 per cent on their Shanghai trading debut, giving the company a market capitalisation of 3.31 trillion yuan (US$489 billion). The Hefei-based company opened at 49.50 yuan on the Star Market on Monday morning, compared with its initial public offering (IPO) price of 8.66 yuan. The size of the closely watched offering, up to 66.6 billion yuan, is set to surpass the 53.2...
How many electrons does it take to store a single bit of information? For today’s most advanced dynamic random access memory (DRAM) chips from Samsung and SK Hynix, the answer is roughly 200,000. That is the price of reliability – a vast reservoir of charge needed to ensure a “1” or “0” does not fade into noise. But a team at Fudan University in Shanghai has just collapsed that number to its theoretical floor: one. In a paper published on July 16 in Science, microelectronics professor Zhou Peng...
China’s leading memory chipmaker, ChangXin Memory Technologies (CXMT), has priced its Shanghai initial public offering at 8.66 yuan (US$1.28) apiece, positioning the company for the largest listing by a Chinese semiconductor company on a mainland bourse. The firm, based in Hefei, Anhui province, is expected to raise gross proceeds of 57.9 billion yuan (US$8.5 billion) from the sale of nearly 6.7 billion shares, according to an offering announcement released on Tuesday. The shares represent 10...