Changxin Technology Rises by 4.64%, Foreign Media Reports Changxin Will Shake Up Global Storage Industry Monopoly

BlockBeats News, July 29th, according to Bitget market data, Changxin Technology rose 4.64% intraday, with a market value reaching $3.29 trillion.

Several South Korean media outlets believe that the sharp drop in the South Korean stock market in this round is being interpreted as the impact of the listing of China's largest semiconductor company, Changxin Technology. The market is concerned that Changxin Technology, with the funds raised from the stock market listing, will catch up with semiconductor companies such as Samsung Electronics and SK Hynix. This concern has spread, causing a dampening of investor sentiment.

Z-Ben Advisors analyst Peter Alexander stated that, following the development path of the steel and new energy vehicle industries, Changxin Technology will rapidly seize market share in the low-end storage chip market and ultimately challenge the monopoly status of Samsung Electronics, SK Hynix, and Micron Technology in the global storage industry.