CXMT to Invest 18 Billion Yuan in Memory Wafer Testing, R&D Projects
MT Newswires Live
Sep 29
ChangXin Memory Technologies (SHA:688825) or CXMT said it will use 13 billion yuan of over-raised funds to build a new technology research and development project.
It will also inject 5 billion yuan into wholly-owned subsidiary Changxin Storage Products Hefei for a memory wafer back-end testing base phase two project, according to a Tuesday filing with the Shanghai bourse.
The two projects have total investments of 24.1 billion yuan and 10.8 billion yuan, respectively, with construction periods of 30 and 37 months.
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