China’s CXMT gets pledge of support as provincial party chief vows chip-industry expansion
Three weeks into his tenure as Anhui provincial party secretary, Li Lecheng carried out an on-site inspection at China’s home-grown memory chip giant ChangXin Memory Technologies (CXMT) on Wednesday, pledging to grow integrated circuits (ICs) as an emerging pillar industry. During the visit to the company’s headquarters in the provincial capital Hefei, Li urged CXMT to further refine its product…
Anhui provincial party chief Li Lecheng toured China's leading memory chip manufacturer, ChangXin Memory Technologies (CXMT), on Wednesday, vowing to boost the country's integrated circuits industry. During the visit to CXMT's headquarters in Hefei, Li urged the company to expand its product lineup, enter both domestic and foreign markets, and accelerate the development of cutting-edge technologies and products.
CXMT chairman Zhu Yiming participated in the tour and briefed Li on the company's offerings. The following weekend, CXMT announced significant advancements in a novel memory-cell architecture that would enhance memory density, a technology pursued by competitors like Samsung Electronics and SK Hynix. President Cao Kanyu stated that a server memory product based on this breakthrough would be launched by the end of 2025.
During CXMT's presentation to Li, China's former Ministry of Industry and Information Technology head emphasized the government's full support for the company's expansion and strengthening of operations. In the first half of 2026, CXMT's revenue surged 874 percent YoY to 150.3 billion yuan (US$22.5 billion), while net income attributable to shareholders skyrocketed 3,428 percent YoY to 77.6 billion yuan.
Li stated that Anhui would utilize CXMT's status as an industrial supply chain powerhouse to attract additional upstream and downstream partners, fostering a world-class advanced manufacturing cluster in the region. Founded in 2016, CXMT has been a top priority for previous Anhui provincial secretaries, with its predecessor Liang Yanshun visiting the firm in July 2024.
The Hefei model, which supports promising yet loss-making enterprises in strategic industries, is being replicated in cities across China. Hefei now hosts numerous corporate giants, including electric vehicle manufacturer Nio. Hefei's annual capacity produces about 1.37 million electric vehicles, accounting for roughly one in every 12 vehicles manufactured nationwide.
Written by urgent.news from South China Morning Post's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
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