CXMT Chairman Zhu Yiming Amasses $15.9 Billion Fortune By Growing Memory Chip Maker Into Micron Rival

CXMT’s blockbuster Shanghai listing pushed chairman Zhu Yiming’s fortune to $15.9 billion.

The memory chip maker is expanding on strong AI-related demand and fresh capital for growth.

Investor enthusiasm is rising for China’s domestic chip leaders as the country seeks to cut reliance on foreign suppliers.

CXMT is emerging as a bigger rival to Micron, Samsung and SK Hynix in the memory market.