Longsys, China's AI memory champion, raises $800 million in Hong Kong IPO
Longsys, owner of the Lexar brand, is listing on the Hong Kong Stock Exchange.
Published 10sem1 sourceNotableupdated 9sem
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The fact
The company aims to raise $800 million, with trading set to begin on September 8.
Its half-year profit surged 715-fold due to booming demand for AI memory.
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