Summary

CXMT's record Shanghai debut couldn't hold as Korean chip stocks crashed 10-11% in a broad AI-memory selloff on July 28.

• 📉 CXMT's Shanghai STAR Market debut closed up about 466% at roughly $489 billion on July 27, China's most valuable listed company.
• 📉 Korean chip stocks suffered a 'Black Tuesday' session on July 28, closing down 10-11% with circuit breakers triggered.
• 🏗️ China's homegrown immersion DUV lithography tool entered mass production on July 28, with CXMT among the expected first recipients.
• 💰 CXMT's new DRAM modules entered the market on July 26 with no price relief for buyers already squeezed by the memory shortage.
• ⚖️ A second investigative probe effort targeting CXMT was reported prospectively on July 28.

👀 Whether Washington's reported CXMT national-security probe gains traction before Samsung's Q2 HBM detail lands on July 30.