Meet CXMT’s Zhu Yiming: the engineer building China’s answer to global memory-chip giants

When ChangXin Memory Technologies (CXMT) – China’s attempt to build a home-grown rival to the world’s top makers of memory chips – kicked off one of the country’s most anticipated initial public offerings (IPOs) of 2026 last week, the spotlight fell on its founder Zhu Yiming. The Shanghai offering, set to start taking subscriptions on Thursday, aims to raise 29.5 billion yuan (US$4.4 billion). And some analysts predict that CXMT could eventually command a market value of 3 trillion yuan, placing