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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
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…