ChangXin Memory Plans $4.22 Billion IPO to Expand DRAM Capacity
Written by Ohris M. Greyoon, Blockchain & Crypto Expert
- Funding Initiative: ChangXin Memory Technologies announced plans to raise 29.5 billion yuan (approximately $4.22 billion) by issuing 10.6 billion shares in Shanghai, aimed at enhancing its DRAM production lines and technical capabilities, thereby strengthening its competitive position in the global market.
- Market Share: As of Q2 2023, ChangXin held a mere 4% of the global DRAM market, while Samsung, SK Hynix, and Micron collectively controlled over 90%, highlighting the challenges ChangXin faces in a highly competitive landscape.
- Technological Advancement: The company aims to start producing high-bandwidth memory (HBM) by the end of 2026, a specialized DRAM essential for advanced computing processors, which is expected to drive future revenue growth in response to rising demand from AI applications.
- Financial Performance: Despite incurring losses of 8.32 billion yuan in 2022 and 16.3 billion yuan in 2023, ChangXin anticipates a sales increase of up to 140% in 2025, reflecting confidence in a market rebound and improved pricing dynamics.
About the author
Ohris M. Greyoon
Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.
