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China's Changxin Memory aims for $14.5b valuation in Shanghai IPO: report

China's Changxin Memory aims for $14.5b valuation in Shanghai IPO: report

FILE PHOTO: Semiconductor chips are seen on a printed circuit board in this illustration picture taken February 17, 2023. REUTERS/Florence Lo/Illustration

China’s Changxin Memory Technologies Inc plans to file for a domestic initial public offering that could value the memory chip maker at more than $14.5 billion, Bloomberg News reported on Thursday.