--- title: "Changxin Technology is sprinting for the STAR Market, aiming for the second-largest IPO; the STAR Chip ETF E Fund (589130) has raised over 670 million for 5 consecutive days" type: "News" locale: "en" url: "https://longbridge.com/en/news/287844948.md" description: "Changxin Technology's STAR Market IPO has been approved by the listing committee, aiming to raise 29.5 billion yuan, making it the second largest IPO on the STAR Market. The STAR Chip ETF E Fund (589130) has seen a net inflow of over 670 million yuan for five consecutive days, reflecting a significant increase in market demand for memory chips, highlighting the critical role of memory in AI infrastructure" datetime: "2026-05-28T01:57:10.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/287844948.md) - [en](https://longbridge.com/en/news/287844948.md) - [zh-HK](https://longbridge.com/zh-HK/news/287844948.md) --- # Changxin Technology is sprinting for the STAR Market, aiming for the second-largest IPO; the STAR Chip ETF E Fund (589130) has raised over 670 million for 5 consecutive days As of 9:39, the SSE STAR Chip Index (000685) rose by 0.77%. Among the weighted stocks, Hua Hong Semiconductor increased by 9.35%, SMIC rose by 4.21%, and Cambricon gained 3.43%. On the other hand, Lanqi Technology fell by 3.24%, Bairui Storage dropped by 3.05%, and Zhongwei Company decreased by 2.1%. As of the previous trading day, the index has increased by 154.4% over the past year. The E Fund SSE STAR Chip ETF (589130) has been favored by investors, with net inflows for five consecutive days, totaling over 670 million, and over 720 million in the past 10 days, and over 1.3 billion in the past 20 days. In terms of news, the Shanghai Stock Exchange's public information shows that Changxin Technology, a leading domestic storage chip company, has received approval from the listing committee for its IPO on the STAR Market, which has been a hot topic of high market attention recently. Public information indicates that Changxin Technology is the only company in China to achieve independent large-scale production of DRAM memory chips and is the fourth company globally, after Samsung, SK Hynix, and Micron, with complete self-research and production capabilities for DRAM. Changxin Technology's IPO on the STAR Market aims to raise a total of 29.5 billion yuan, making it the second-largest IPO project in terms of fundraising scale since the STAR Market was established. The funds will be directed towards the technological upgrade and transformation of memory wafer manufacturing production lines, among other areas. Analysts from Zhongtai Strategy point out that the demand for high-capacity and high-bandwidth storage is significantly increasing due to the inference of AI server large models and the construction of data centers. The market is increasingly aware that storage is also a very scarce and critical component of AI infrastructure. The E Fund SSE STAR Chip ETF (589130) closely tracks the SSE STAR Chip Index, which selects securities related to semiconductor materials and equipment, chip design, chip manufacturing, and chip packaging and testing from companies listed on the STAR Market to reflect the overall performance of representative chip industry listed companies. The E Fund SSE STAR Chip ETF (589130) has off-market connection funds (020670, 020671) ### Related Stocks - [589130.CN](https://longbridge.com/en/quote/589130.CN.md) - [000685.CN](https://longbridge.com/en/quote/000685.CN.md) - [688347.CN](https://longbridge.com/en/quote/688347.CN.md) - [01347.HK](https://longbridge.com/en/quote/01347.HK.md) - [688981.CN](https://longbridge.com/en/quote/688981.CN.md) - [00981.HK](https://longbridge.com/en/quote/00981.HK.md) - [688256.CN](https://longbridge.com/en/quote/688256.CN.md) - [688008.CN](https://longbridge.com/en/quote/688008.CN.md) - [688525.CN](https://longbridge.com/en/quote/688525.CN.md) - [688012.CN](https://longbridge.com/en/quote/688012.CN.md) - [SSNGY.US](https://longbridge.com/en/quote/SSNGY.US.md) - [MU.US](https://longbridge.com/en/quote/MU.US.md) - [HSMD.SG](https://longbridge.com/en/quote/HSMD.SG.md) - [06809.HK](https://longbridge.com/en/quote/06809.HK.md) - [SMSN.UK](https://longbridge.com/en/quote/SMSN.UK.md) ## Related News & Research - [Billionaire investor Dan Loeb dismisses AI bubble talk: 'We're barely scratching the surface'](https://longbridge.com/en/news/288060733.md) - [Longsys to Showcase Innovative Edge AI Storage Solutions at COMPUTEX 2026](https://longbridge.com/en/news/287867736.md) - [Omdia: AI Factory Market Enters Industrialization Era as Five Dynamics Redefine AI Infrastructure in 2026 | TTGT Stock News](https://longbridge.com/en/news/287879230.md) - [3 core AI stocks to buy with $1,000 and hold for the next decade](https://longbridge.com/en/news/288167146.md) - [08:46 ETFullHost Launches Canadian-Sovereign S3-Compatible Object Storage](https://longbridge.com/en/news/288276461.md)