New Stock News | ChangXin Storage is considering an earliest possible Hong Kong IPO this year.

According to media reports, Changxin Storage is considering listing on the Hong Kong stock market as early as this year. Previously, due to market volatility, uncertainties in the overall semiconductor manufacturing industry, and other factors, Changxin Storage chose to postpone its IPO plans. Information shows that Changxin Storage is an integrated memory manufacturer founded on November 16, 2017, headquartered in Hefei. The company focuses on the design, development, production, and sales of dynamic random-access memory chips (DRAM), which are used in personal computers, servers, smartphones, and other devices. Public data shows that in 2022, Changxin Storage achieved an operating income of around 8 billion yuan. Changxin Storage's competitors include global leading memory chip manufacturers such as Samsung Electronics, SK Hynix, and Micron Technology. If Changxin Storage successfully IPOs, it will provide more funds to expand production capacity and research and development investment, narrowing the technology gap with international giants. As of now, Changxin Storage has completed multiple rounds of financing, with participation from investors such as GigaDevice Semiconductor Inc., Changxin Integration, Hefei Industrial Investment, and others. Its shareholders are mostly well-known domestic and foreign investment institutions and industry players, including Alibaba, Xiaomi, Tencent, GigaDevice Semiconductor Inc., China's National Fund, China Merchants Capital, Midea Ventures, and others.