Foreign media: Changxin Technology will shake up the global memory industry's monopoly landscape

On July 28, according to China News Service, the Korean Composite Stock Price Index (KOSPI) plummeted by 10.84% today, closing at 6023.63 points. Samsung Electronics fell 13.39% at the close, marking its largest single-day drop in 18 years, while SK Hynix closed down 14.65%, nearly halving its value from its June high. Several South Korean media outlets believe that this sharp stock market decline is interpreted as a shockwave from the listing of China's largest semiconductor company, Changxin Technology. The market is concerned that Changxin Technology, with the funds raised from its stock market listing, will catch up to semiconductor companies like Samsung Electronics and SK Hynix. This worry has spread, leading to a setback in investor sentiment. According to a previous CNBC report, Z-Ben Advisors analyst Peter Alexander believes that, following the development paths of the steel and new energy vehicle industries, Changxin Technology will rapidly seize market share in the low-end memory chip market and ultimately shake the monopoly of Samsung Electronics, SK Hynix, and Micron Technology in the global memory industry.