UniIC, a smaller rival to CXMT, pushes for mainland China IPO amid memory supercycle

Xi’an UniIC, a dynamic random-access memory (DRAM) manufacturer backed by China’s technology conglomerate Tsinghua UniGroup, is accelerating its push for a public listing in Beijing, joining its larger rival ChangXin Memory Technologies (CXMT) in seeking to ride the current memory supercycle. UniIC recently completed its initial public offering (IPO) tutoring phase, a step that is mandatory for public listings in mainland China, five months after the company initiated the pro