The holding company of ChangXin Memory Technologies (CXMT) is in the process of raising nearly 10.8 billion yuan ($1.5 billion) in a new round of equity financing even as the Chinese memory chipmaker faces potential sanctions by the Biden administration amid China’s intensifying tech rivalry with the US.
Chinese memory chipmaker CXMT raising $1.5b in fresh round despite US sanction threats
2024-03-29T13:21:05-04:00March 29th, 2024|