What is CXMT's 'Chinese chip bomb' that has wiped billions off the US stock market
A Chinese memory chipmaker that few investors outside China had heard of until this summer has spent the past week knocking billions of dollars off the world's biggest chip stocks. ChangXin Memory Technologies, or CXMT, says it has made "key progress" on a denser memory chip design, and the news has sent Micron, SK Hynix, Samsung and a string of storage companies sharply lower.
A Chinese memory chipmaker that few investors outside China had heard of until this summer has spent the past week knocking billions of dollars off the world's biggest chip stocks. ChangXin Memory Technologies, or CXMT, says it has made "key progress" on a denser memory chip design, and the news has sent Micron, SK Hynix, Samsung and a string of storage companies sharply lower.
What's Your Reaction?
