CXMT stock news
ChangXin Memory Technologies (CXMT, SHA: 688825) announced on August 25, 2026, a strategic partnership and supply agreement with Baidu, Inc. The collaboration focuses on optimizing memory architectures for Baidu's "Ernie Bot" AI clusters and autonomous driving platforms. Under the agreement, CXMT will provide customized HBM3E and high--density DDR5 modules, with the initial procurement phase valued at approximately 2.8 billion yuan. This partnership underscores CXMT's growing role in the domestic AI ecosystem and its ability to meet the rigorous hardware demands of large--scale language models.