CXMT plans second chip plant in Beijing and is in talks on its funding, sources say

China's largest chipmaker CXMT is planning a new memory-chip plant in Beijing. This facility would be built in the Yizhuang area where another fab already operates. CXMT seeks significant government support for this proposed Beijing expansion project. The company aims to boost production capacity amidst global chip demand. This move highlights intense competition among Chinese local governments for investment.