SMIC's Total Market Value Surpasses Intel

July 27th, according to market data, Changxin Technology landed on the ChiNext board. The stock price surged over 530% at one point, reaching a market capitalization of ¥3.61 trillion, ranking first on the A-share market. This surpassed the market capitalization of Intel on July 24th, which was $465.6 billion (approximately ¥3.15 trillion).

Changxin Technology is currently up 534%, trading at ¥54.96, with a transaction volume exceeding ¥1200 billion.