{
  "id": 10659282,
  "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-10659282",
  "topic": "tech",
  "section": "Tech",
  "published": "2026-09-29T09:30:05.000Z",
  "source": {
    "name": "SCMP Tech",
    "slug": "scmp-tech",
    "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) intends to allocate a substantial portion of its recent US$5.2 billion investment in expanding capacity towards domestic suppliers, according to a source. The Shanghai-listed firm plans to use the funds for a new technology research and development project worth 24.1 billion yuan, and the second phase of a wafer testing base worth 10.8 billion yuan. Nearly 93% of the R&D project's budget will be allocated to equipment purchases, with a significant share expected to go to Chinese suppliers. CXMT, which has become China's largest DRAM producer since its 2016 founding, aims to bring more production processes in-house to reduce reliance on external packaging and testing suppliers. The company's investment plan, including a 18 billion yuan surplus from its July initial public offering, awaits shareholder approval. As Beijing seeks to lessen reliance on overseas semiconductor suppliers, CXMT has expanded its product portfolio to include DDR5 and LPDDR5, with its fifth-generation DRAM manufacturing platform, G5, now in mass production.",
  "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": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "South China Morning Post",
        "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",
        "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."
}