CXMT puts shy of $2.7B of excess IPO proceeds into DRAM R&D, testing
The company had 36.8 billion yuan in excess proceeds, making the latest 18 billion yuan allocation almost half of that pool.
Tag: memory chipmaker
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Memory giant CXMT opens share subscription for $4.3 billion IPO
The deal would rank second only to Semiconductor Manufacturing International Corporation’s record 53.2 billion yuan STAR Market IPO in 2020.