China's CXMT Reportedly Plans Second Memory-Chip Plant in Beijing Amid Expansion Efforts

CXMT, China's largest chipmaker by market value, is reportedly considering building a second memory-chip plant in Beijing and is in funding discussions with a local government-backed tech manufacturing hub. This strategic move aims to boost production amidst a global chip shortage driven by AI infrastructure spending and highlights intense competition among Chinese local governments to attract CXMT's expansion. The new 12-inch plant would be located in Yizhuang, where CXMT already operates a dynamic random access memory (DRAM) chip fabrication facility.