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China DRAM Maker CXMT Targets $4.2B IPO as It Takes on Samsung, SK Hynix, Micron

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Re: China DRAM Maker CXMT Targets $4.2B IPO as It Takes on Samsung, SK Hynix, Micron

#51

Post by tooltalk »

coliveira wrote: post #34
walterbell wrote: post #5

https://www.semiconsam.com/p/why-did-the-memory-chicken-game... | https://s-space.snu.ac.kr/bitstream/10371/95351/1/01%20Jeho%... Chinese memory makers are the product of massive state backing, with tens of billions of dollars in subsidies and the full weight of the Chinese government behind them. Could Samsung win a power struggle against the Chinese government? .. The market that [Samsung, SK Hynix and Micron] crea…

Samsung is 100% backed by the state as well.

This was mostly in the 80's during the cold war.

IMO, and it's not even really clear how Samsung's DRAM business really benefited from the state backing. The South Korea gov't first major initiative "Semiconductor Industry Promotion Plan" started only after Samsung'd developed their first 64K DRAM in 1983. It really helped other local industry competitors such as LG and Hyundai catch up, but Samsung was already on a roll -- by the early 90's, the company became the first to develop 256Mb DRAM. Not clear whether they really needed hand-holding from the gov't.

Re: China DRAM Maker CXMT Targets $4.2B IPO as It Takes on Samsung, SK Hynix, Micron

#52

Post by chvid »

heavyset_go wrote: post #47
checker659 wrote: post #46

Earlier quoted context omitted.

The world exists outside the US too you know.

Plenty of countries gave Huawei the same treatment the US did, and the US and its allies have the weight to impose sanctions, tariffs, etc to punish consumers within their borders for daring to consider better and cheaper options.

The allies of the US all banned Huawei because the US asked them (quite forcefully) to do so.

CXMT is already under a full set of US long arm sanctions so probably only very little of their products will ever reach western markets.

However some Chinese demand will definitely be met by CXMTs product displacing western suppliers - so maybe there is a tiny bit of relief for western consumers there.

Re: China DRAM Maker CXMT Targets $4.2B IPO as It Takes on Samsung, SK Hynix, Micron

#53

Post by chvid »

chhxdjsj wrote: post #49

Anyone got any tips on ways to buy ipos/equity on Shanghai STAR exchange? I want unitree and cxmt

Me too - these are incredibly interesting companies and the valuations are modest.

Unfortunately as far as I can see it is not possible from where I am (Denmark).

Some Hong Kong shares and linked Shanghai shares are available in interactive brokers but not these ipoes.

Re: China DRAM Maker CXMT Targets $4.2B IPO as It Takes on Samsung, SK Hynix, Micron

#54

Post by babypuncher »

MrGilbert wrote: post #8

Would love to see them succeed and take on the pc builder market, aka hobbyist market. Honestly, the recent rise in RAM left me behind with a huge amount of disbelief and anger. Anger primarily, because big corporations are responsible for draining the market, while on the other hand a Satya Nadella states that they are sitting on a pile of GPUs they cannot use because of limited power.[1] I simply cannot understand…

It's a colossal misallocation of resources by a handful of fucknuggets so wealthy that they will never experience real consequences for it. Meanwhile, everyone else is made to suffer.

Re: China DRAM Maker CXMT Targets $4.2B IPO as It Takes on Samsung, SK Hynix, Micron

#55

Post by coliveira »

tooltalk wrote: post #51
coliveira wrote: post #34

Earlier quoted context omitted.

Samsung is 100% backed by the state as well.

This was mostly in the 80's during the cold war. IMO, and it's not even really clear how Samsung's DRAM business really benefited from the state backing. The South Korea gov't first major initiative "Semiconductor Industry Promotion Plan" started only after Samsung'd developed their first 64K DRAM in 1983. It really helped other local industry competitors such as LG and Hyundai catch up, but Samsung was already on a…

As mentioned in the sibling comment, Samsung practically owns S Korea. It's a fools errand to separate Samsung from the government.

Re: China DRAM Maker CXMT Targets $4.2B IPO as It Takes on Samsung, SK Hynix, Micron

#56

Post by tooltalk »

throwaway85825 wrote: post #36
coliveira wrote: post #34

Earlier quoted context omitted.

Samsung is 100% backed by the state as well.

CXMT is Chinese backed whereas Korea is Samsung backed.

I see what you did there. LOL

Samsung closed the last Chinese smartphone factory in 2019 and moved South to Vietnam. In 2020, Samsung's Vietnam production accounted for about 25+% of the country's GDP and export.

Re: China DRAM Maker CXMT Targets $4.2B IPO as It Takes on Samsung, SK Hynix, Micron

#57

Post by anonymous908213 »

dmix wrote: post #45
viccis wrote: post #38

Earlier quoted context omitted.

This is a situation in which a government would typically step in and force companies to stop ratfucking end users in favor of business partners, but the problem here is that (a) it's an international problem that would require cooperation with China and (b) the US has the most venal administration in history and has already taken bribes from AI and hardware companies. These companies going all in on purely AI partne…

This is an announcement of increased competition in a market with acute supply shortages. That’s exactly what is supposed to happen. Jumping to regulating the global RAM market this early sounds like the worst of all solutions. You want people to get cross-government approval every time they want to buy or sell RAM? American companies will call up Korea to get their RAM rations.

Note that the company in question is specifically sanctioned by the US, so this is not exactly a glowing example of the utopia of the free market you seem to be holding it up as.

Rationing chips makes sense to me. You don't have to set the ration at a low enough level that it would ever impact legitimate businesses. You could just set a ration level that prevents a company that is losing hundreds of billions of dollars from spending imaginary money buying 40% of the annual raw material supply despite lacking the capability to refine the raw materials into a working product, for the sole purpose of denying it to their competition. You strawmanned the opposition as requiring cross-government approval "every time anyone wants to buy RAM", but maybe we could just start with requiring cross-government approval to buy 40% of the global supply.

Re: China DRAM Maker CXMT Targets $4.2B IPO as It Takes on Samsung, SK Hynix, Micron

#58

Post by tooltalk »

throw3836364 wrote: post #23
tempest_ wrote: post #7

Earlier quoted context omitted.

Basically the same thing that happened to Nortel.

Reminds me of when those European monks smuggled silkworms out of China.

too bad that there is nothing to steal from modern China.

Re: China DRAM Maker CXMT Targets $4.2B IPO as It Takes on Samsung, SK Hynix, Micron

#59

Post by peter_d_sherman »

I asked Perplexity.ai to list all of the DRAM manufacturing companies that it could. What follows is that list:

Samsung Electronics – https://www.samsung.com

SK hynix – https://www.skhynix.com

Micron Technology – https://www.micron.com

ChangXin Memory Technologies (CXMT) – https://www.cxmt.com

Nanya Technology – https://www.nanya.com

Winbond Electronics – https://www.winbond.com

Powerchip Semiconductor Manufacturing Corp. (PSMC) – https://www.psmc.com.tw

Fujian Jinhua Integrated Circuit (JHICC) – http://www.jhicc.com

GigaDevice – https://www.gigadevice.com

Etron Technology – https://www.etron.com

Integrated Silicon Solution Inc. (ISSI) – https://www.issi.com

Elite Semiconductor Memory Technology (ESMT) – https://www.esmt.com.tw

Zentel Electronics – https://www.zentel.com.tw

Alliance Memory – https://www.alliancememory.com

AP Memory Technology – https://www.apmemory.com

AMIC Technology – https://www.amictechnology.com

Hua Hong Semiconductor – https://www.huahong.com

(Note that I have not researched each of these companies individually... There may be errors in the above list (some may be DRAM resellers, some may be defunct, etc., etc.))

Re: China DRAM Maker CXMT Targets $4.2B IPO as It Takes on Samsung, SK Hynix, Micron

#60

Post by tooltalk »

peter_d_sherman wrote: post #59

I asked Perplexity.ai to list all of the DRAM manufacturing companies that it could. What follows is that list: Samsung Electronics – https://www.samsung.com SK hynix – https://www.skhynix.com Micron Technology – https://www.micron.com ChangXin Memory Technologies (CXMT) – https://www.cxmt.com Nanya Technology – https://www.nanya.com Winbond Electronics – https://www.winbond.com Powerchip Semiconductor Manufacturing…

The first three dominate 95+% of the market.
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