Two months after its major IPO, ChangXin Memory Technologies (CXMT) announced a 34.9 billion yuan investment (approximately $5.2 billion) to expand its research

Two months after its major IPO, ChangXin Memory Technologies (CXMT) announced a 34.9 billion yuan investment (approximately $5.2 billion) to expand its research and development and production capabilities. The plan is intended to narrow the technology gap with competitors such as Samsung and SK Hyni…