CXMT Group Co., Ltd. has officially embarked on the journey to list on the A-share market, aiming for a valuation exceeding RMB 100 billion. Established in 2016, the company specializes in the research, development, design, production, and sales of DRAM products, standing as the sole IDM enterprise in China capable of mass-producing general-purpose DRAM. CXMT's subsidiary, CXMT Storage, has introduced a suite of memory chip products and anticipates a significant surge in DRAM shipments by 2025.

CXMT boasts a diverse shareholder base of 49 entities, including the second phase of the National Integrated Circuit Industry Investment Fund, enterprises under the Hefei SASAC, and several prominent investment institutions. Following the most recent round of financing, the company's valuation soared to approximately RMB 139.982 billion, positioning it as one of the leading technology enterprises in Anhui Province in terms of valuation.

Furthermore, Zhu Yiming, the chairman of CXMT, concurrently holds the position of chairman at GigaDevice Innovation Technology Co., Ltd., fostering a deep collaboration between the two companies in the DRAM sector.