CCSH

“CCSH, the parent company of Yangtze Memory Technologies (YMTC)...is seeking to raise $4.9 billion in an IPO on Shanghai's STAR Market...The offering would value the company at somewhere between $41 billion and $49 billion.”

“CCSH/YMTC's massive IPO — valued at up to $49B — signals that U.S. chip export restrictions have not contained Chinese semiconductor development; they may have accelerated domestic investment instead.”