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CXMT founder Zhu Yiming has pledged to give 40% of his $13.9 billion fortune to employees, marking a significant shift in corporate wealth distribution.
China’s memory chipmaker CXMT has priced its Shanghai IPO at $8.5 billion, valuing the company at $85 billion. The listing marks the largest semiconductor offering in Chinese history.
China's ChangXin Memory Technologies has reportedly won a $3 billion memory chip deal with Tencent, signaling a major step forward in the country's push for semiconductor self-reliance.
Apple is lobbying the U.S. government for approval to source memory chips from blacklisted Chinese firm CXMT amid a quadrupling of memory prices. The move highlights the tension between national security concerns and supply chain needs in the tech industry.
