CXMT stock news
On September 28, 2026, ChangXin Memory Technologies (CXMT, SHA: 688825) announced board approval for two major investment projects totaling 34.9 billion yuan (approximately $5.2 billion) to bolster advanced DRAM development and expand in--house manufacturing capabilities. The initiative allocates 24.1 billion yuan toward a technology R&D project and 10.8 billion yuan for the second phase of a memory wafer testing facility in Hefei. CXMT plans to deploy 18 billion yuan in over--raised proceeds from its July initial public offering to fund the expansion, with roughly 22.4 billion yuan dedicated to equipment procurement prioritizing domestic supply chain integration.