Foreign media: ChangXin Memory Technologies will shake up the global storage industry monopoly

Odaily Planet Daily News Multiple South Korean media outlets believe that the recent sharp stock market decline has been interpreted as the impact of the listing of ChangXin Memory Technologies, China's largest semiconductor company. Market concerns that ChangXin Memory Technologies, armed with funds raised from its stock market listing, will catch up with semiconductor companies such as Samsung Electronics and SK Hynix have spread, causing a blow to investment sentiment.

According to a previous report by CNBC, Peter Alexander, an analyst at Z-Ben Advisors, believes that, following the development trajectory of the steel and new energy vehicle industries, ChangXin Memory Technologies will rapidly seize market share in low-end memory chips and ultimately shake the dominant positions of Samsung Electronics, SK Hynix, and Micron Technology in the global storage industry. (China News Service, via Jiemian News)