[Video | SemiAnalysis Memory Analyst: ChangXin Memory Will Be China's Hottest Semiconductor IPO This Year] On July 13, SemiAnalysis memory analyst Ray Wang stated in an interview with CNBC that ChangXin Memory is expected to achieve approximately 10% of the global DRAM market share this year, becoming an undeniable competitor. Although its conventional memory technology is still about three years behind Samsung and SK Hynix, and there is a three-to-four-year gap in the HBM sector, driven by the growth in AI demand and restrictions on overseas HBM exports, ChangXin Memory is likely to continue expanding its market share in China. Its IPO is set to become the most anticipated project in China's semiconductor industry this year.