CXMT plans second chip plant in Beijing and is in talks on its funding, sources say
China's largest chipmaker CXMT is planning a new memory-chip plant in Beijing. This facility would be built in the Yizhuang area where another fab already operates. CXMT seeks significant government support for this proposed Beijing expansion project. The company aims to boost production capacity amidst global chip demand. This move highlights intense competition among Chinese local governments…
CXMT, China's largest semiconductor company by market value, is planning to construct a second memory-chip plant in Beijing, according to sources familiar with the matter. The move comes as CXMT seeks to increase production amid a global chip shortage fueled by AI infrastructure investments. The proposed 12-inch fab in Yizhuang, southeast of central Beijing, would bolster the company's capacity, potentially doubling it to over 600,000 wafers per month when fully operational.
CXMT is in talks with the Beijing Economic-Technological Development Area about securing at least 60 million yuan ($8.9 million) in support for the facility. The talks are still in their early stages, and the funding details are not yet finalized. CXMT's expansion follows its successful $8.6 billion IPO, the largest mainland Chinese semiconductor listing on record, and reflects the intensifying competition among Chinese local governments to attract major chipmakers.
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