ChangXin Memory Tech Surges 531.06%, Market Cap Reaches 3.7 Trillion Yuan
ChangXin Memory Technology surged 531.06% as of the early close on July 27, reaching a market capitalization of 3.7 trillion yuan. On the same day, SK Hynix had an intraday market cap of 5.87 trillion yuan and Samsung Electronics 6.79 trillion yuan, indicating ChangXin's valuation still trails the two established memory chip makers.
As of the early close on July 27, ChangXin Technology rose 531.06%, with a market capitalization of 3.7 trillion yuan.
On July 27 intraday, SK Hynix had a market capitalization of 1,270 trillion Korean won (approximately 0.87 trillion US dollars / 5.87 trillion yuan), and Samsung Electronics had a market capitalization of 1,469 trillion Korean won (approximately 1 trillion US dollars / 6.79 trillion yuan). Compared with these two memory chip manufacturers, ChangXin Technology's market capitalization still lags.