BlockBeats News, June 1st, ChangXin Technology's STAR Market IPO has recently received approval from the Shanghai Stock Exchange Listing Committee. The prospectus shows that the company has implemented two employee stock ownership plans, granting a total of 6,760 person-times, with the cost of the second phase of the employee stock ownership plan being only 0.108 yuan per share. Based on market expectations of a market value of over 2 trillion yuan, ChangXin Technology's listing may produce at least 13 billionaires and thousands of multi-millionaires.

In terms of performance, in the first quarter of 2026, ChangXin Technology achieved revenue of 50.8 billion yuan, a year-on-year increase of 719%, with a net profit attributable to the parent company of 24.76 billion yuan, turning a loss into a profit year-on-year; in 2024, its global DRAM market share ranked fourth globally and first in China. Another domestic storage leader, ChangJiang Storage, has also initiated IPO counseling, with its NAND flash memory global market share surpassing 10%.

Behind the rapid rise of these two companies, local state-owned assets play a key role. Public information shows that Anhui's state-owned assets collectively hold approximately 46.7% of ChangXin Technology's shares, and Hubei's state-owned assets hold over 44% of ChangJiang Storage's shares. After nearly a decade of continuous investment and support, Hefei and Wuhan have nurtured leading domestic companies in the fields of DRAM and NAND, driving the aggregation of the upstream and downstream industry chains and forming billion-dollar-level IC industry clusters.

Industry insiders believe that the surge in AI computing power demand is driving the storage chip industry into a new boom cycle. The rise of ChangXin Technology and ChangJiang Storage not only represents a significant breakthrough for domestic storage but also marks a shift in China's integrated circuit industry competition landscape from being led by a few top-tier cities to gradually transitioning to a more diversified development.