Story thread · 3 reports / 2 sources

China’s CXMT to favour domestic suppliers in US$5.2b memory-chip capacity push: source

scmp.com · 3hShare

Chinese memory chip giant ChangXin Memory Technologies (CXMT) plans to invest 34.9 billion yuan (US$5.2 billion) in expansion, with a large portion of the capital going to domestic suppliers of chipmaking equipment, according to a source. The firm, listed on the Shanghai Stock Exchange’s Star Market, would spend 24.1 billion yuan on a new technology research and development project and another 10.8 billion yuan on the second phase of a wafer testing base, according to a Monday stock filing. The...

First report: Weekly news roundup: China gains ground in memory and AI hardware as supply stays tight — digitimes.com, 1d