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China's CXMT Sparked a Global Chip Stock Rout. Why Samsung, Micron and SK Hynix Are Tumbling.

China
International Business Times Fews App News Provider
Fews App Post Time Hace 3h

China's leading memory chip manufacturer, CXMT, rattled investors with news of a technological advance that could allow it to produce more efficient memory chips capable of storing greater amounts of data in smaller spaces. Pedro Pardo/AFP via Getty Images A little-known Chinese chipmaker that became a $500 billion powerhouse in just a few months sent shockwaves through global technology markets Tuesday, triggering a selloff in semiconductor stocks after announcing progress on a memory chip design that could challenge some of the industry's biggest players. ChangXin Memory Technologies (CXMT), China's leading memory chip manufacturer, rattled investors with news of a technological advance that could allow it to produce more efficient memory chips capable of storing greater amounts of data in smaller spaces.

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