Changxin Technology's IPO may give birth to 13 billionaires, and the "Memory Chip Dual City Chronicles" in Hefei and Wuhan have attracted attention According to BlockBeats, on June 1st, Changxin Technology's IPO on the Science and Technology Innovation Board was recently approved by the Shanghai Municipal Committee of the Shanghai Stock Exchange. The prospectus shows that the company has implemented two employee stock ownership plans, with a total of 6760 grants granted. The cost of the second employee stock ownership plan is only 0.108 yuan per share. According to market expectations of a market value exceeding 2 trillion yuan, Changxin Technology may give birth to at least 13 billionaires and thousands of millionaires after its listing. In terms of performance, Changxin Technology achieved a revenue of 50.8 billion yuan in the first quarter of 2026, a year-on-year increase of 719%, and a net profit attributable to the parent company of 24.76 billion yuan, turning losses into profits year-on-year; In 2024, the global DRAM market share ranks fourth and first in China. Another domestic storage leader, Changjiang Storage, has also launched market guidance, and its NAND flash global market share has exceeded 10%. Behind the rapid rise of the two companies, local state-owned assets play a key role. According to public information, Anhui State owned Assets hold approximately 46.7% of Changxin Technology's shares, while Hubei State owned Assets hold over 44% of Changjiang Storage's shares. After nearly a decade of continuous investment and support, Hefei and Wuhan have respectively cultivated leading enterprises in the domestic DRAM and NAND fields, and driven the aggregation of upstream and downstream industrial chains, forming a billion yuan level integrated circuit industry cluster. Industry insiders believe that the explosive demand for AI computing power is driving storage chips into a new cycle of prosperity. The rise of Changxin Technology and Changjiang Storage not only represents an important breakthrough in domestic storage, but also marks a shift in the competitive landscape of China's integrated circuit industry from being dominated by a few top cities to gradually shifting towards multipolar development. [Original link]