Monday, 3 August, 2026
Beijing’s AI Chip Push: CXMT Eyes Second Memory Plant in Capital
By TechShots Studio
China's premier memory chipmaker, CXMT, is planning a second DRAM plant in Beijing’s Yizhuang tech hub. The company is in funding talks with local government-backed investors to finance the facility. This strategic expansion aims to satisfy surging domestic demand driven by the global AI boom and boost manufacturing capacity following CXMT’s landmark $8.6 billion IPO.