ChangXin Memory Technology (CXMT) is China's leading dynamic random-access memory (DRAM) manufacturer and Mainland China's largest publicly listed company following its IPO.
LONDON, Aug. 06, 2026 (GLOBE NEWSWIRE) -- KraneShares, a leading provider of exchange-traded funds (ETFs) delivering access to emerging technology strategies, today announced the addition of ChangXin Memory Technology (CXMT) to its China Technology & Semiconductor UCITS ETF (Ticker: KSTR) at an initial weight of 2.12% on the 3rd of August.
Through its Qualified Foreign Institutional Investor (QFII) quota, KSTR became the only UCITS ETF to provide investors with direct ownership of CXMT shares following the company's July 27, 2026 listing on China's STAR (Science & Technology) Market.1 Rather than relying on swaps or other derivative instruments, which may introduce counterparty risk, KSTR holds the underlying shares directly, providing transparent exposure to the underlying company and straightforward participation in the economics of its shares.¹
CXMT completed its initial public offering on China's STAR Market, the Shanghai Stock Exchange's innovation-focused board for semiconductor and advanced technology companies, on July 27, 2026. The company is China's leading dynamic random-access memory (DRAM) manufacturer and has rapidly emerged as the world's fourth-largest DRAM producer by capacity and shipments, with an estimated 7-8% global market share as of late 2025.2
As artificial intelligence drives unprecedented demand for memory, CXMT has become a critical participant in the global AI semiconductor supply chain alongside industry leaders SK Hynix and Samsung. The company is attracting both domestic and international demand, with Apple reportedly in negotiations to source memory chips from CXMT.3 First-half 2026 revenue is expected to exceed RMB 100 billion, representing year-over-year growth of more than 600%.4
KSTR is designed to provide investors with exposure to the leading technology companies listed on China's STAR Market, giving investors access to many of China's most innovative semiconductor and advanced technology companies through a single ETF.
"CXMT is a testament to China's growing importance in the global AI supply chain," said Jonathan Krane, CEO of KraneShares. "We are proud to provide our global clients with unique access to one of China's most important semiconductor companies through KSTR and to continue expanding investor access to China's innovation economy."
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Citations:
- Data from KraneShares and Bloomberg as of 4/Aug/2026.
- "China's DRAM giant CXMT plans US$4.2 billion IPO on Shanghai's STAR Market," South China Morning Post. 31 December, 2025.
- Schuman, Evan. "Cheap Chinese chips could offer way out of RAM price crisis, Apple suggests," Network World. 2 July, 2026.
- Company Reports as of 30/Jun/2026.
Definition:
Qualified Foreign Institutional Investor (QFII) Quota: China's Qualified Foreign Institutional Investor (QFII) program, launched in 2002, is a licensing scheme administered by the China Securities Regulatory Commission (CSRC) that allows approved foreign institutions-such as asset managers, pension funds, and insurers-to invest directly in mainland China's onshore stock exchanges in Shanghai and Shenzhen.
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