Suwon, South Korea
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VALUATION
Technology company
On July 27, 2026 shares of ChangXin Memory Technologies (CXMT) soared more than 450 percent in their Shanghai STAR Market debut, briefly making the DRAM maker the most valuable company listed on mainland Chinese exchanges. The IPO raised at least 8.6 billion dollars and underscores how AI driven demand for memory chips is boosting China’s efforts to build a self sufficient semiconductor stack.
On July 26, 2026, Yonhap reported that SK hynix is forecast to post a record operating profit of 64.1 trillion won (about 43.7 billion dollars) in Q2 2026. Analysts attribute the surge to high bandwidth memory and SSD demand from global AI data centers and tech companies.
At 07:02 KST on July 26, 2026, Yonhap reported that President Lee Jae Myung told Korean expatriates in San Francisco that the AI era is a “truly new opportunity” for South Korea. He highlighted recently announced business agreements between Nvidia, OpenAI, Anthropic and Korean firms such as Samsung Electronics and SK hynix, which a presidential official valued at about 950 billion dollars.