ChangXin Memory Technologies (CXMT), a Hefei-based semiconductor manufacturer, has seen its market valuation climb to 4.13 trillion yuan. This milestone follows a 12% increase in the company's share price on Monday, which brought the stock to a record closing price of 61.80 yuan. This growth has solidified CXMT’s position as the most valuable listed company in China.

The company’s rise in market capitalization is largely attributed to a surge in demand for memory chips, driven by the ongoing expansion of artificial intelligence technologies. CXMT first surpassed Tencent Holdings in market value last Thursday, when its valuation reached approximately 3.54 trillion yuan. Since then, the company has continued to extend its lead over other major Chinese corporations. As China’s leading DRAM maker, CXMT has become a central figure in the country's domestic semiconductor industry, which is currently undergoing a period of intense focus and investment. The rapid appreciation of its stock reflects broader investor confidence in the domestic chip sector's ability to capitalize on the global AI boom.