Changxin Memory Technologies posts 700% revenue growth and lands a $3B Tencent deal despite US export controls, as Congress pushes the MATCH Act for tighter

From a Silicon Valley garage to China’s largest DRAM maker and a US$4.4 billion IPO, Zhu reportedly refused pay until CXMT became profitable.

CXMT is emerging as a credible rival in a market dominated by Samsung, SK Hynix and Micron. Its growing technological profile is also attracting sanctions, security scrutiny and…