✉news TechnologySemiconductors first seen 1 d ago, last 1 d ago, peak #20
CXMT's 'Chinese chip bomb' wipes billions off US stocks
Original: What is CXMT's 'Chinese chip bomb' that has wiped billions off the US stock market
Chinese memory chip maker CXMT is being described as a 'Chinese chip bomb' after reports linked its rapid rise in DRAM production to a sharp selloff in US semiconductor and tech stocks, erasing billions in market value. Investors fear cheap Chinese memory supply could undercut American chipmakers and disrupt the global semiconductor market.
Why now: Fears that CXMT's growing DRAM output threatens US chipmakers have triggered a market selloff.
CXMTUS stock marketsemiconductor industry
Evidence
- What is CXMT's 'Chinese chip bomb' that has wiped billions off the US stock market · The Times of India
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