Chinese company that made Apple seek ‘special permission’ from the US government becomes country’s most valuable firm

Chipmaker CXMT has surpassed Tencent, becoming China’s most valuable company. This shift reflects investor focus on artificial intelligence hardware and semiconductor self-sufficiency. CXMT ranks as the world’s fourth-largest DRAM manufacturer, a vital component for modern electronics. Meanwhile, Tencent faces pressure due to escalating artificial intelligence spending and declining share value. The market now prioritizes silicon…