China's largest chipmaker CXMT is planning a new memory-chip plant in Beijing. This facility would be built in the Yizhuang area where another fab already operates. CXMT seeks significant government support for this proposed Beijing expansion project. The company aims to boost production capacity amidst global chip demand. This move highlights intense competition among Chinese local governments for investment.

China's largest chipmaker CXMT is planning a new memory-chip plant in Beijing. This facility would be built in the Yizhuang area where another fab already operates. CXMT seeks…

CXMT plans a second Beijing chip plant and seeks funding to expand DRAM production capacity, with implications for AI infrastructure and crypto