Chip stocks are getting hammered — but China's hottest new listing is holding up

Asian chip stocks collapsed on 28 July—Samsung and SK Hynix down 13-15%, Kioxia down 18%—but China's CXMT held most of its 466% IPO gains despite a 4% pullback, signalling investor confidence in China's semiconductor self-sufficiency push backed by capacity expansion and state-backed chipmaking equipment production.

This Wire brief sits within Fusion42's coverage of Semiconductors. Wire is Fusion42's founder-focused intelligence feed: each story is connected to the funds and startups it names — every one with a live profile on Raise or Scout — so founders can follow the capital and the momentum behind the headline rather than just the headline itself. Wire analysis is one of the live surfaces Arthur reasons over.