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China pouring billions into new memory chip production

China’s ChangXin Memory Technologies (CXMT) and Yangtze Memory Technologies Co Ltd (YMTC) have raised billions of dollars in new capital to finance the continued expansion of their memory chip operations in defiance of US sanctions on the sector. CXMT has reportedly received 39 billion yuan (US$5.4 billion) in funds to complete the construction of a […]

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