New York Post
By James Franey
Published July 28, 2026, 10:10 a.m. ET
Top US lawmakers want the Trump administration to launch a formal national security probe into Chinese memory chipmaker CXMT on suspicions that Beijing orchestrated the company’s blockbuster IPO to prop up a key military asset, The Post has learned.
Shares for the China-based chipmaker, also known as ChangXin Memory Technologies, skyrocketed 466% in Shanghai trading on Monday — raising $8.6 billion and instantly making the firm the most valuable on a China mainland exchange with a market capitalization of nearly $500 billion.
Super Sleuth
