CXMT overtakes Tencent as China's largest listed company
Chinese semiconductor maker CXMT has reportedly passed Tencent to become the country's largest listed company, highlighting the rising weight of chipmakers in China's corporate hierarchy.
The Chinese memory chipmaker CXMT has reportedly moved past Tencent to become China's largest listed company, marking a shift in the country's corporate power map.
The development underscores the growing strategic importance of memory chips and semiconductors as Beijing accelerates efforts to build a more self-reliant technology industry.
It also suggests China's next phase of growth could be increasingly driven by artificial intelligence, semiconductors, and critical hardware rather than internet platforms.
Source: First Squawk