After Blockbuster IPO, China's Memory Giant CXMT Plans Second Chip Plant In Beijing
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Source: Zero Hedge
Published: 2026-08-04 04:00 UTC+10:00
Section: General
Factuality Score: 100
Opinion Category: Neutral
Topics: Politics, Asia, Technology & AI, Economy & Finance, China, Financial Markets, Business & Economy, Asia Pacific, Technology
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Snippet:
CXMT, China's largest chipmaker by output and certainly by market value thanks to its blowout IPO pricing one week ago, which saw its stock surge more than 7x from its offering price of 8.66 yuan per share, is considering building a second memory-chip plant in Beijing and is in financing talks with a tech manufacturing hub backed by the local government, Reuters reported citing source familiar.
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