From DRAM's fourth-quarter surge to a market capitalization of 2 trillion yuan, Changxin and Yangtze Memory have launched a double arrow attack, and domestic storage is finally no longer the "backup" narrative. In the prosperity cycle driven by AI computing power, the hundred-billion-yuan clusters backed by state-owned assets in Anhui and Hubei are pushing China's IC industry from single-point breakthroughs to a multi-polar ecosystem — this is the true depth that hard technology should have.

Changxin Technology has received approval for its IPO from the Shanghai Stock Exchange. It has disclosed two employee stock ownership plans, with total grants for 6,760 person-times. The cost for the second phase is only 0.108 yuan per share. If the market value exceeds 20 trillion yuan, at least 13 billionaires and thousands of millionaires may emerge after the listing. In the first quarter of 2026, revenue was 50.8 billion yuan, up 719% year over year, and net profit was 24.76 billion yuan. In the 2024 global DRAM market, it ranked fourth and first in China. Yangtze Memory has also started IPO-related advisory guidance, with its NAND market share exceeding 10%. Anhui and Hubei state-owned assets hold approximately 46.7% and 44%, respectively, driving Hefei and Wuhan to form trillion-yuan-scale integrated circuit clusters. Demand for AI computing power is driving the upcycle for storage chips, and the rise of domestically made storage marks that China’s IC industry is entering a multipolar development phase.