CXMT Plans Second Chip Plant in Beijing Amid Global Chip Shortage

CXMT, China’s largest chipmaker by market value, is considering building a second memory-chip plant in Beijing. The company is in financing talks with a tech manufacturing hub backed by the local government, aiming to boost production in response to a global chip shortage driven by AI infrastructure spending. This move underscores the fierce competition among Chinese local governments to attract CXMT as the memory chip manufacturer expands following its $8.6 billion IPO, the largest mainland Chinese semiconductor listing to date. The new 12-inch plant in Beijing would be constructed in Yizhuang, about 20 km southeast of central Beijing. This location…