China’s AI ‘little giant’ Yunxi Technology files for Hong Kong IPO: sources
Yunxi Technology, officially one of China’s “little giants”, has submitted a confidential initial public offering application to Hong Kong’s stock exchange, according to people familiar with the matter. The Guangzhou-based start-up was valued at 10 billion yuan (US$1.27 billion) in its latest private funding round and was working with Bocom International on the deal, aiming to raise “several…
Chinese chipmaker CXMT allegedly used a written roadmap to steal Samsung's DRAM technology, according to South Korean court documents. The Project Hefei roadmap, allegedly spearheaded by CXMT's head of development formerly from Samsung, outlined steps for acquiring technology, poaching key engineers, and production. By August 2016, CXMT attempted to create 18nm chips using ex-Samsung engineers' memories, but switched to creating its own document after insufficient results.
The leaked document included specific equipment supplier details and process developments unique to Samsung. CXMT's rapid expansion from zero facilities to DRAM wafer production in under two years is unprecedented and suggests alleged IP theft. The company now holds 10% of the global DRAM market, with revenue growing 716% in Q2 2026 and an IPO value of $8.6 billion USD.
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