Posted on 07/28/2026 10:09:32 AM PDT by bitt
Top US lawmakers want the Trump administration to launch a formal national security probe into Chinese memory chipmaker CXMT on suspicions that Beijing orchestrated the company’s blockbuster IPO to prop up a key military asset, The Post has learned.
Shares for the China-based chipmaker, also known as ChangXin Memory Technologies, skyrocketed 466% in Shanghai trading on Monday — raising $8.6 billion and instantly making the firm the most valuable on a China mainland exchange with a market capitalization of nearly $500 billion.
Beijing’s historic windfall — which sent shares of US chipmakers tumbling on competition fears on Monday — is setting off alarm bells in Washington, with a bipartisan group of at least a half-dozen members of Congress expected to send letters to the Trump administration in the coming days, sources close to the situation told The Post.
One senior US official told The Post there is “a real suspicion that a Chinese Communist Party intervention played a role in this so-called IPO” just six weeks after the Pentagon designated the firm as a Chinese military company.
(Excerpt) Read more at nypost.com ...
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P
Looking at the prices of camera SD chips, I think the margins of memory chips must be excellent.
I only have two chips in reserve.
I assume GB memory chips use very fine geometries which I thought the PRC couldn’t produce itself.
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ACTION NOW:
<>Call the US Capitol Switchboard at (202) 224-3121,
<>look up your specific representative thru the US House Finder,
<>or go to House.gov
<>find senators on the US Senate Website, https://www.senate.gov/.
Bkmk
You put money into China the Chinese Communist Party makes sure it never gets out again ,LOL
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