Behind the $90.1 billion deal volume, it’s capital’s recognition of China’s homegrown technology core assets

On its first day of listing, ChangXin’s trading value reached $90.1 billion, making it a focal point of market attention. This not only means active capital, but also reflects that confidence in China’s homegrown technology core assets is strengthening. In recent years, competition in the global semiconductor industry has intensified, and the importance of supply-chain security and independent innovation has kept rising. As memory chips are an essential infrastructure for the digital economy, they naturally become a key area for capital to focus on.

Currently, areas such as AI servers, high-performance computing, and smart terminals continue to grow, driving an ongoing increase in demand for storage products such as DRAM, bringing new development opportunities to the industry. As an important representative of China’s domestic memory sector, ChangXin’s IPO attracted a large amount of capital to participate, which also shows that the market is willing to give higher attention to technology companies with growth potential.

Of course, a high trading value doesn’t mean the stock price will rise continuously. The initial period of an IPO is often accompanied by institutional portfolio rebalancing, capital rotation, and changes in market sentiment—short-term fluctuations are normal. What truly determines a company’s long-term value is still its product competitiveness, technological R&D capabilities, and profitability. If in the future it can continue to benefit from the AI wave and the trend of domestic substitution, ChangXin still has the chance to grow into an important force in China’s semiconductor industry. #长鑫今日上市成交901亿