On May 27, ChangXin Memory Technology passed its STAR Market IPO review. The company – China’s largest integrated DRAM maker – plans to raise RMB 29.5 billion ($4.1B) for wafer fab upgrades, technology iteration, and advanced R&D.

ChangXin has shipped from DDR4/LPDDR4X to DDR5/LPDDR5/5X using a skip‑generation R&D strategy. By both volume and revenue, it is China’s #1 and the world’s #4 DRAM supplier .

In Q1 2026, revenue reached RMB 50.8 billion (+719% YoY) ; net profit hit RMB 33.0 billion (+1268% YoY) . The company expects H1 2026 revenue of RMB 110–120 billion and attributable net profit of RMB 50–57 billion .

The IPO’s success comes as global DRAM supply tightens and prices rise, driven by AI compute demand. ChangXin currently operates three 12‑inch DRAM fabs in Hefei and Beijing.

ICgoodFind: ChangXin’s IPO clearance and massive expansion plan mark a turning point for China’s DRAM self‑sufficiency.