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Parent of China’s CXMT to Invest $2.4 Billion in New Chip Plant

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June 28, 2024, 8 a.m. | Debby Wu, Jessica Sui

Bloomberg Technology bloomberg.com

The controlling firm of China’s top chipmaker ChangXin Memory Technologies Inc. will invest no less than 17.1 billion yuan ($2.4 billion) in an advanced packaging plant in Shanghai that could be used to make AI memory.

advanced advanced packaging ai memory billion china chip chipmaker memory packaging shanghai technologies will

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