Tencent Secures Massive Server DRAM Supply Deal with CXMT Ahead of STAR Market IPO

CXMT Secures Massive DRAM Supply Agreement with Tencent to Strengthen Domestic Semiconductor Chains for Cloud Computing and AI Infrastructure

As reported by Reuters, Chinese chip maker ChangXin Memory Technologies also known as CXMT has entered into a huge supply agreement with Tencent Holdings worth more than 20 billion yuan approximately 2.94 billion dollars. This deal with the internet company is seen as a strategic move to establish a stable and reliable domestic supply chain of semiconductors for the increasing demand of cloud computing and artificial intelligence infrastructure.