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CXMT INKS $3B TENCENT DRAM DEAL AHEAD OF IPO

Chinese chipmaker ChangXin Memory Technologies (CXMT) has signed a three-year DRAM supply agreement worth approximately $3 billion with Tencent for server memory. The deal comes as CXMT prepares for an initial public offering.

4 SOURCESFIRST SEEN JUN 29, 09:45 AM► READ THE ARTICLE

Techmeme+0m

Sources: CXMT and Tencent sign a ~$3B, three-year DRAM supply agreement for servers ahead of CXMT's IPO; CXMT is in talks with other major Chinese companies (Reuters)

Reuters: Sources: CXMT and Tencent sign a ~$3B, three-year DRAM supply agreement for servers ahead of CXMT's IPO; CXMT i…

Techmeme+18h 56m

Sources: Chinese smartphone makers like Xiaomi, Oppo, and Vivo told suppliers they will again cut 2026 shipment targets, with Xiaomi cutting 30% to ~95M units (Nikkei Asia)

Nikkei Asia: Sources: Chinese smartphone makers like Xiaomi, Oppo, and Vivo told suppliers they will again cut 2026 ship…

Techmeme+19h 5m

Five Chinese tech and advanced manufacturing companies launched Hong Kong listings today to raise up to $5.6B, led by Apple supplier Luxshare's $3.15B offering (Reuters)

Reuters: Five Chinese tech and advanced manufacturing companies launched Hong Kong listings today to raise up to $5.6B,…

Techmeme+1d

Meituan open-sources LongCat-2.0, a 1.6T-parameter model that it says was trained on a 50K-chip cluster of domestic Chinese processors, without giving details (Reuters)

Reuters: Meituan open-sources LongCat-2.0, a 1.6T-parameter model that it says was trained on a 50K-chip cluster of dome…

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