{
  "id": 10657806,
  "title": "China’s CXMT to favour domestic suppliers in US$5.2b memory-chip capacity push: source",
  "url": "https://urgent.news/2026/09/29/chinas-cxmt-to-favour-domestic-suppliers-in-us-5-2b-memory-chip",
  "topic": "tech",
  "section": "Tech",
  "published": "2026-09-29T09:30:05.000Z",
  "source": {
    "name": "South China Morning Post",
    "slug": "south-china-morning-post",
    "url": "https://www.scmp.com/tech/tech-trends/article/3369192/chinas-cxmt-favour-domestic-suppliers-us52b-memory-chip-capacity-push-source"
  },
  "original_language": "en",
  "account": "Chinese memory chip company ChangXin Memory Technologies (CXMT) is set to allocate a substantial portion of its US$5.2 billion investment into expanding its production capabilities, with a focus on local suppliers. The firm, currently the most valuable company on mainland China's stock market, plans to utilize funds from its July initial public offering to finance these projects, although shareholder approval is still pending. The spending plan includes 24.1 billion yuan on a new technology research and development project, and 10.8 billion yuan on the second phase of a wafer testing base, with nearly 22.4 billion yuan, or around 93%, of this budget dedicated to equipment purchases. A significant share of this equipment spending is anticipated to be directed towards Chinese suppliers, according to a source close to the company's supply chain. CXMT's investment strategy is indicative of its commitment to bolstering its domestic production, as it aims to reduce its dependence on overseas semiconductor suppliers, in line with Beijing's broader efforts to decrease reliance on foreign chipmakers.",
  "summary": "Chinese memory chip giant ChangXin Memory Technologies (CXMT) plans to invest 34.9 billion yuan (US$5.2 billion) in expansion, with a large portion of the capital going to domestic suppliers of chipmaking equipment, according to a source. The firm, listed on the Shanghai Stock Exchange’s Star Market, would spend 24.1 billion yuan on a new technology research and development project and another…",
  "key_points": [
    "CXMT to invest US$5.2 billion in expanding memory chip production.",
    "Nearly 93% of budget allocated to equipment purchases from Chinese suppliers.",
    "Investment aims to reduce dependence on overseas semiconductor suppliers."
  ],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "SCMP Business",
        "title": "China’s CXMT to favour domestic suppliers in US$5.2b memory-chip capacity push: source",
        "url": "https://urgent.news/2026/09/29/chinas-cxmt-to-favour-domestic-suppliers-in-us-5-2b-memory-chip-10659262",
        "published": "2026-09-29T09:30:05.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}