South China Morning Post

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

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.

By South China Morning Post

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

Got news to share with the events industry?

Submit a press release or story tip and reach thousands of event professionals.

Get in touch→

More in Startups & Entrepreneurship

Related Insights