China Deploys $28 Trillion to Challenge U.S. in AI Race
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- China is unleashing $28 trillion in capital markets to challenge the US in AI, fueling a listings bonanza in which one specific bank has played a leading role (per Bloomberg and FT).
- CXMT is targeting 30% of the global DRAM memory market by 2030 with a sixth mega-fab, though its expansion plans are bottlenecked by access to advanced chipmaking tools (per Tom's Hardware).
Why it matters: China is coupling its $28 trillion capital pool with state-backed chipmaking ambition to narrow the gap with US AI leaders. CXMT's 30% DRAM market target by 2030 and the broader listings surge show Beijing deploying financial firepower precisely where it still lacks advanced chipmaking tools — the competition's defining bottleneck.
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