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Changxin Memory Reaches Over $3 Billion DRAM Supply Agreement with Tencent

2026-06-29 07:27:25

DRAM-0.29%

According to Reuters, Chinese chipmaker Changxin Memory (CXMT) has reached a long-term DRAM chip supply agreement with Tencent valued at over 20 billion yuan (approximately $3 billion). The agreement covers server DRAM chip supplies for the next 3 to 5 years. The deal comes as Changxin Memory prepares for a 29.5 billion yuan IPO on Shanghai's sci-tech board. The company is also in negotiations with other Chinese internet firms for similar partnerships and is building a new DRAM factory in Shanghai, with full capacity expected to double monthly wafer output to approximately 600,000 wafers.

Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.

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