{"id":1904,"date":"2026-07-27T10:43:02","date_gmt":"2026-07-27T10:43:02","guid":{"rendered":"https:\/\/coasttocoastmoverss.com\/?p=1904"},"modified":"2026-07-27T10:43:02","modified_gmt":"2026-07-27T10:43:02","slug":"chipmaker-courted-by-apple-soars-on-market-debut-briefly-becomes-chinas-most-valuable-company","status":"publish","type":"post","link":"https:\/\/coasttocoastmoverss.com\/?p=1904","title":{"rendered":"Chipmaker Courted By Apple Soars On Market Debut\u2014Briefly Becomes China\u2019s Most Valuable Company"},"content":{"rendered":"<div>\n<h2>How Does CXMT\u2019s Valuation Compare With Competitors?<\/h2>\n<p>Despite its blockbuster debut, CXMT\u2019s nearly $490 billion market cap is still significantly smaller than rivals SK Hynix\u2019s $881 billion valuation and Micron\u2019s $1 trillion valuation. Samsung Electronics, whose chipmaking division is the third of the big three memory chipmakers, has a market cap of $1.1 trillion. All three companies have seen their valuations soar amid an AI-driven surge in demand for high-speed memory chips. Earlier this month, SK Hynix raised $26.5 billion from its <u>U.S. trading debut<\/u>. <\/p>\n<p>Read more <a href=\"https:\/\/coasttocoastmoverss.com\/?p=1902\">Trump Mocks Critics, Touts 2028 Run And Poses With JFK In Bizarre AI Posting Spree<\/a><\/p>\n<h2>What Do We Know About Apple\u2019s Interest In CXMT?<\/h2>\n<p>The AI-driven memory chip buying frenzy has significantly affected consumer electronics and forced the makers of smartphones, laptops, video game consoles, and other devices to raise prices. Last month, Apple announced an across-the-board increase in the prices of its Mac computers, iPads and other devices. Ahead of the price increase, Apple CEO Tim Cook was asked by the <u>Wall Street Journal<\/u> about the company potentially sourcing Chinese memory chips, and he said: \u201cI think everything needs to be on the table\u2026I think we should look at all supply.\u201d CXMT is currently on a Pentagon blacklist for alleged ties to the Chinese military; however,  the <u>Financial Times reported<\/u> last month that Apple has been lobbying the Trump administration for a waiver to buy its memory chips.<\/p>\n<p>Read more <a href=\"https:\/\/coasttocoastmoverss.com\/?p=1900\">See A Full \u2018Buck Moon\u2019 And \u2018Shooting Stars:\u2019 The Night Sky This Week<\/a><\/p>\n<h2>further reading<\/h2>\n<p>Apple seeks to buy memory chips from blacklisted Chinese company (Financial Times)<\/p>\n<p>Read more <a href=\"https:\/\/coasttocoastmoverss.com\/?p=1898\">McConnell Hits 6 Weeks Since Hospitalization\u2014As Health Concerns Persist<\/a><\/p>\n<div><\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>CXMT is China\u2019s biggest memory chipmaker and its debut comes amid an AI-driven demand boom that has boosted the stock price of its rivals Micron, Samsung and SK Hynix.<\/p>\n","protected":false},"author":1,"featured_media":1903,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[],"class_list":["post-1904","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.7 - 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