China is requesting confidential information from US chip manufacturers.

China's Investigation and US Chip Manufacturers

China is requesting sensitive information from US semiconductor manufacturers as part of an anti-dumping investigation initiated against these companies.

The Trade Solution and Investigation Bureau of the Ministry of Commerce of China has launched an anti-dumping investigation regarding specific American analog IC (integrated circuit) chips. In this case, it specifically seeks detailed and confidential commercial information from leading US firms such as Texas Instruments (TI) and Analog Devices (ADI).

Among the requested information are sales activities in China, cost and profit analysis, customer names, sale transaction details, raw material suppliers, logistics, and storage, which all fall under operational costs. These companies have been given 37 days to respond to the questions.

Yangtze Memory's IPO Plans

Some sources have reported that Yangtze Memory Technologies (YMTC), a Chinese chip manufacturer, is considering going public with a valuation that could exceed 40 billion dollars. This could be the largest IPO in China in recent times.

The target valuation for YMTC is set between 200 billion yuan (approximately 28 billion dollars) and 300 billion yuan (approximately 42.1 billion dollars). It is stated that the company is collaborating with China International Capital Corp. and CSC Financial Co. in this process, and the IPO is expected to take place in 2026.

ChangXin Memory Technologies' IPO Process

Another significant development comes from ChangXin Memory Technologies (CXMT), a Chinese chip manufacturer. CXMT has successfully completed the pre-listing phase required by capital market authorities and announced that it has moved to the application phase of the IPO process. The target valuation for CXMT is also in the range of 200 to 300 billion yuan.

These developments may lead to important technology IPOs in the Chinese stock markets, similar to previous years. Additionally, this process is supported by China's goal of reducing dependency on foreign technology by increasing domestic production capacity.

The Chinese government is providing significant support to help local firms grow in response to the restrictions imposed by the US on high-tech and chip exports.