Executive Summary
- •CXMT is seeking at least 60 million yuan in local government support, though the company has not confirmed the early-stage talks.
- •The chipmaker recently completed an $8.6 billion IPO and has already raised prices for clients like Huawei.
- •New facility expansions could double their total capacity to more than 600,000 wafers per month.
Community Sentiment
Key Developments & Data
CXMT reportedly explores building a second 12-inch memory chip fab in Beijing.
The Chinese memory producer wants at least 60 million yuan ($8.9 million) in local government support, but the company hasn't confirmed the early-stage talks.
And they just completed an $8.6 billion IPO last month, giving them enough leverage to start raising prices for domestic buyers like Huawei.
Current plants in Hefei and Beijing pump out about 100,000 wafers a month each, but this new expansion could double total capacity to more than 600,000.
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