In a rare late-night statement issued on October 21, China's Ministry of Commerce disclosed that Minister Wang Wentao held a phone call with Dutch Minister of Economic Affairs Vincent Karremans, urging a resolution to the Netherlands' recent decision to freeze the assets of Nexperia, a major Chinese-owned semiconductor firm

CXMT, China's leading DRAM maker, plans to launch an IPO in Shanghai as early as the first quarter of 2026, targeting a valuation of up to CNY300 billion (US$42.1 billion), according to Reuters, Gelonghui, and Sina. The planned listing underscores Beijing's drive for semiconductor self-sufficiency as Washington tightens restrictions on China's access to advanced chip technologies