Monday, 29 June, 2026
Beijing’s Chip Champion Secures Massive $3 Billion Windfall Ahead of Blockbuster IPO
By TechShots Studio
Chinese memory chipmaker ChangXin Memory Technologies (CXMT) has signed a major long-term supply agreement with tech giant Tencent Holdings worth over 20 billion yuan ($2.94 billion). The multi-year deal secures critical server DRAM chips for Tencent's massive cloud and AI data centers. This high-profile partnership provides substantial momentum for CXMT as it prepares for a record-breaking 29.5 billion yuan IPO on Shanghai's STAR Market.