China’s leading DRAM chipmaker, ChangXin Memory Technologies (CXMT), is preparing to tap domestic capital markets in a move that underscores Beijing’s determination to narrow the gap with dominant global memory giants, even as geopolitical tensions and technology controls continue to reshape the semiconductor industry.

CXMT said on Tuesday that it plans to raise 29.5 billion yuan ($4.22 billion) through an initial public offering of 10.6 billion shares in Shanghai. The company said the proceeds will be used primarily to upgrade production lines and manufacturing technologies, while a portion will be channeled into research and development for advanced dynamic random access memory products.

The planned listing comes just weeks after CXMT unveiled its latest DDR5 DRAM chips, a step that directly challenges industry leaders Samsung Electronics, SK Hynix, and Micron Technology. DDR5 represents the current mainstream standard for high-performance computing, data centers, and advanced consumer electronics, and CXMT’s entry into this segment signals its ambition to move beyond older, lower-margin memory products.

Founded in 2016 with strong state backing, CXMT has become a central pillar of China’s push for semiconductor self-sufficiency, particularly in memory chips, one of the most capital-intensive and technologically complex segments of the industry. After nine funding rounds, the company counts heavyweight investors including Alibaba and Xiaomi, and has developed four generations of DRAM technology.

Operationally, CXMT runs three 12-inch DRAM fabrication plants, with facilities in Beijing and at its headquarters in Hefei, Anhui province. These fabs form the backbone of its manufacturing capacity as it seeks to scale output and improve yields, both critical to competing with entrenched global players that benefit from decades of process optimization.

Despite its progress, CXMT remains a relatively small player in global terms. According to data from research firm Omdia cited in the prospectus, the company held about 4% of the global DRAM market in the second quarter. By contrast, Micron, SK Hynix, and Samsung together controlled more than 90%, highlighting the steep challenge CXMT faces in translating technological milestones into sustained market share gains.

Beyond conventional DRAM, CXMT is also investing heavily in high-bandwidth memory, a specialized form of DRAM that is essential for advanced processors, including Nvidia’s graphics processing units, widely used in generative artificial intelligence workloads. The company said it aims to begin production by the end of 2026 at an HBM back-end packaging facility currently under construction in Shanghai, positioning itself to benefit from surging global demand tied to AI data centers and accelerators.

Financially, CXMT is still in a loss-making phase, reflecting the enormous upfront costs associated with memory chip manufacturing. The company recorded losses of 8.32 billion yuan in 2022, 16.3 billion yuan in 2023, and 7.1 billion yuan in 2024, with a further loss of 2.3 billion yuan in the first half of this year. However, it expects revenue to surge by as much as 140% year-on-year in 2025, driven by rising memory prices and higher sales volumes since July.

CXMT said it could turn profitable as early as 2026, depending on wafer shipment volumes and average selling prices.

The timing of the IPO is also notable. Global memory markets have begun to recover after a prolonged downturn, with prices rebounding as inventory levels normalize and AI-related demand accelerates. Listing now could provide both the capital and the market validation CXMT needs to fund its next phase of expansion, particularly as access to advanced foreign technology remains constrained.

At a broader level, CXMT’s public market debut would mark a significant milestone in China’s semiconductor strategy. While the company is still far from displacing established global leaders, its progress in DDR5 and its push into HBM show how Chinese chipmakers are methodically climbing the technology ladder.

The IPO is expected to stir interest as it marks the beginning of China’s long-term bets in memory manufacturing to deliver commercial scale and financial sustainability.

Even with the crypto market going up and down every day, investors (the retail crowd) are still pouring money into meme coins. They’re not just chasing hype anymore,  they’re looking for projects that have viral potential but also real features and a solid plan. One new name that keeps coming up is Little Pepe ($LILPEPE). It’s still in presale, but it has already raised over $27.6 million and sold more than 16.7 billion tokens. Many people believe it could surpass older meme coins like PEPE and Floki Inu because it combines fun with actual utility.

Little Pepe (LILPEPE): A Meme Coin Redefined

Little Pepe is trying to change how people see meme coins. It is currently in presale and is in stage 13; one token is worth $0.0022. The following stage (Stage 14) will be $0.0023, and the price continues to increase gradually with each subsequent stage. Thus, whales, big investors who hold a lot of tokens and have the power to influence the market, are buying, and the community is growing very fast; it is increasing by more than 60% month after month.  No one gets their tokens right at launch. There’s a 3-month waiting period, after which only 5% of the tokens unlock each month. This stops people from selling everything at once and crashing the price. It just received a 95% rating on its Certik security audit, that’s practically one of the highest scores you can find, which reassures people that the project is real and trustworthy.  Token holders have an option to stake their tokens and get some rewards; they will also be entitled to some other bonuses if they add ????????????????liquidity. That means the coin actually does something instead of just riding memes. Due to all this, many retail investors view Little Pepe as the new meme coin that could surge in 2025-2026.

Pepe Coin (PEPE): Volatility Meets Hype

PEPE remains very popular and currently ranks among the top on CoinMarketCap. As of November 28, 2025, it’s trading near $0.0000047. It’s extremely volatile, 14 of the last 30 days were up, but the price can swing 15-20% in a single month. It lives and dies by social media hype and big influencer posts. Some price predictions suggest it might dip slightly in December (down to $0.0000035–$0.0000037), while others anticipate it could average $0.000014 next year, with a possible high of $0.000024 if the market remains bullish. PEPE is great for quick trades, but it lacks significant real-world utility, so a lot of its value depends on the next viral moment.

Floki Inu (FLOKI): Beyond the Meme

Floki Inu (FLOKI) is currently trading at $0.000049. It started as a pure meme coin but has since developed its own DeFi products (FlokiFi), a game (Valhalla), and even educational content. It works on both Ethereum and Binance Smart Chain, which makes it easy to use. The chart is starting to look bullish again, and some analysts believe it can reach an average of $0.00015 in 2025, possibly even $0.00028 if everything goes well. Others are more careful and say $0.00009–$0.00010 is realistic. Floki has real projects behind it now, but because it’s already a few years old, the crazy 100x moves are probably behind it.

Why Little Pepe Looks Stronger Than the Other Two Right Now

When you put all three side by side:

• PEPE = pure hype and big swings (good for traders, risky for holders)
• Floki = solid projects, but already priced in a lot of growth
• Little Pepe = still very early, huge presale numbers ($27.6M+ raised), clean audit, strong token lock-ups, and real staking rewards

For regular investors who want to get in early on the “next big meme coin” that actually has staying power, Little Pepe checks the most boxes right now. Whales are buying, the community is growing rapidly, and the team is focused on rewards and security, rather than just memes.

Conclusion

Retail money continues to flow into meme coins because the upside can be massive. PEPE and Floki Inu still have their fans and will likely stick around, but Little Pepe is the new project that has garnered massive early interest, smart token rules, and real utility. A lot of everyday investors are watching it closely, and many already believe it has the best shot at big, long-lasting growth through 2026.

For more information about Little Pepe (LILPEPE) visit the links below:

Website: https://littlepepe.com

Whitepaper: https://littlepepe.com/whitepaper.pdf

Telegram: https://t.me/littlepepetoken

Twitter/X: https://x.com/littlepepetoken

$777k Giveaway: https://littlepepe.com/777k-giveaway/

Nvidia is moving urgently to ramp up production of its H200 artificial intelligence chips after Chinese technology companies placed orders exceeding 2 million units for delivery in 2026, far outstripping the U.S. chipmaker’s current inventory, according to people familiar with the matter.

The sources told Reuters Nvidia has approached Taiwan Semiconductor Manufacturing Co (TSMC) to expand production capacity, with manufacturing of additional H200 chips expected to begin in the second quarter of 2026. Nvidia currently holds about 700,000 H200 units in stock, leaving a significant shortfall relative to Chinese demand.

The scramble underscores both the intensity of China’s appetite for advanced AI hardware and the delicate balancing act Nvidia faces as it tries to serve Chinese customers while managing tight global supply chains and regulatory uncertainty.

The discussions between Nvidia and TSMC, as well as the scale of Chinese demand, had not previously been reported. The exact number of additional chips Nvidia intends to order remains unclear, but one source said the company has already asked TSMC to begin preparations for increased output.

The potential expansion comes at a sensitive moment for Nvidia, which is simultaneously ramping up production of its newer Blackwell architecture and preparing for its next-generation Rubin chips. The H200, based on Nvidia’s Hopper architecture and manufactured using TSMC’s 4-nanometre process, is a previous-generation product, but one that remains highly attractive to Chinese buyers due to performance gaps in the domestic ecosystem.

Chinese technology companies, particularly large internet firms, account for the bulk of the more than 2 million chips ordered for 2026, according to two sources. These companies see the H200 as a substantial upgrade over hardware currently available to them, especially after restrictions eliminated access to Nvidia’s H20, a downgraded chip previously designed for the Chinese market.

Of Nvidia’s existing 700,000-unit inventory, around 100,000 are GH200 Grace Hopper superchips, which combine Nvidia’s Grace CPU with its Hopper GPU, while the remainder are standalone H200 chips. Both variants are expected to be offered to Chinese customers.

Pricing discussions indicate Nvidia plans to sell the H200 to Chinese clients at around $27,000 per chip, though final prices may vary depending on order size and customer arrangements. An eight-chip H200 module is expected to cost about 1.5 million yuan, compared with roughly 1.2 million yuan for the now-unavailable H20 module.

Despite the higher price, Chinese firms reportedly view the H200 as good value, given that it delivers roughly six times the performance of the H20. The pricing is also estimated to be about 15% cheaper than grey-market alternatives, which currently sell for more than 1.75 million yuan per module.

ByteDance alone is expected to spend around 100 billion yuan on Nvidia chips in 2026, up from about 85 billion yuan in 2025, if Chinese authorities approve H200 imports, according to a report by the South China Morning Post.

However, regulatory uncertainty continues to hang over the entire plan. While U.S. President Donald Trump’s administration recently allowed exports of the H200 to China, subject to a 25% fee, Beijing has yet to formally approve shipments.

Chinese officials are still weighing whether allowing large-scale imports of advanced foreign AI chips could slow the development of the country’s domestic semiconductor industry. One proposal under consideration would require Chinese buyers to bundle each H200 purchase with a specified ratio of locally produced chips, a mechanism aimed at supporting domestic suppliers.

Nvidia acknowledged managing its supply chain actively but downplayed concerns that China-focused sales could disrupt availability elsewhere.

“Licensed sales of the H200 to authorised customers in China will have no impact on our ability to supply customers in the United States,” a company spokesperson said.

The spokesperson added that China remains a highly competitive market with rapidly advancing local chipmakers, arguing that blocking U.S. exports entirely would undermine American economic and national security interests while benefiting foreign competitors.

TSMC declined to comment, and China’s Ministry of Industry and Information Technology did not respond to requests for comment. The sources cited by Reuters requested anonymity because the talks are private.

If Nvidia proceeds with a significant production ramp-up, it could further tighten global AI chip supplies, especially as demand continues to surge across data centers, cloud providers, and AI developers worldwide. At the same time, the company’s deepening exposure to China leaves it vulnerable to policy shifts on both sides of the Pacific, reinforcing the geopolitical risks now embedded in the global semiconductor industry.