---
title: "China's CXMT becomes most valuable Chinese company at $524B"
url: https://www.parallelquant.com/posts/china-s-cxmt-becomes-most-valuable-chinese-company-at-524b-f8d632
source_name: "Tom's Hardware"
source_url: https://www.tomshardware.com/tech-industry/cxmt-overtakes-tencent-to-become-chinas-most-valuable-company-17-days-after-its-ipo
published: 2026-08-13T13:27:14.000Z
topics: ["chips"]
publisher: "Parallel Quant"
---

# China's CXMT becomes most valuable Chinese company at $524B

*2026-08-13 · Source: [Tom's Hardware](https://www.tomshardware.com/tech-industry/cxmt-overtakes-tencent-to-become-chinas-most-valuable-company-17-days-after-its-ipo)*

Memory maker ChangXin Memory Technologies (CXMT) overtook Tencent to become China's most valuable company, reaching a $524 billion valuation just 17 days after its IPO.

**Why it matters:** This follows YMTC's climb into the top three global NAND makers, showing AI-driven memory demand is reshaping the balance of power inside China's chip industry, not just its export competitiveness. A memory maker outranking Tencent signals how much market value is shifting toward AI infrastructure suppliers and away from consumer internet incumbents.

**Topics:** chips

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Read the original: https://www.tomshardware.com/tech-industry/cxmt-overtakes-tencent-to-become-chinas-most-valuable-company-17-days-after-its-ipo
Canonical: https://www.parallelquant.com/posts/china-s-cxmt-becomes-most-valuable-chinese-company-at-524b-f8d632
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