Changxin Technology rises 4.64%, with foreign media claiming that Changxin will shake the monopoly landscape of the global storage industry.

According to Bitget market data, Changxin Technology saw an intraday gain of 4.64%, pushing its market capitalization to 3.29 trillion yuan. Multiple South Korean media outlets have linked the sharp plunge in South Korea's stock market to the listing of Changxin, China's largest semiconductor company. Market concerns that Changxin will use funds raised from its IPO to catch up with semiconductor giants including Samsung Electronics and SK Hynix have spread, dampening investor sentiment. Peter Alexander, an analyst at Z-Ben Advisors, stated that following the development trajectories of sectors like steel and new energy vehicles, Changxin will quickly seize market share in the low-end storage chip market and eventually challenge the global monopoly held by Samsung, SK Hynix, and Micron Technology in the storage industry.