CXMT to invest $5.2 billion in DRAM R&D and testing amid tight supply
China's ChangXin Memory Technologies (CXMT) plans to invest CNY34.9 billion (about $5.2 billion) in DRAM research, development and testing. The spending comes as memory supply remains tight.
- CXMT's investment totals CNY34.9 billion (~$5.2 billion)
- Funds target DRAM R&D and testing
- Move coincides with tight memory supply
- CXMT is China's largest DRAM maker
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