ChangXin Memory Technologies (CXMT)는 생산 용량 확대를 위해 CNY 180 billion (~USD 25B) 규모의 IPO 초과 자본 투자를 제안한다.

CXMT Corporation has proposed allocating CNY 180.00 billion in excess IPO proceeds across two major projects to support technology upgrades and expand backend testing capacity. The company's board approved the plan on September 28, 2026, though it remains subject to shareholder approval.

The first project will receive CNY 130.00 billion toward a technology research initiative with a total budgeted investment of CNY 241.00 billion and a planned construction period of 30 months. The second project will direct CNY 50.00 billion to CXMT's wholly owned subsidiary, CXMT Storage Products (Hefei) Co., Ltd., through capital contributions and loans. The subsidiary will use these funds to build a second-phase memory-wafer backend testing base, which carries a total investment of CNY 108.00 billion and a planned construction timeline of 37 months. This facility is designed to test DRAM chips and assemble memory modules.

According to the disclosure published by Shanghai Securities Journal on September 29, the dual projects are intended to enhance technology and product capabilities, increase backend testing capacity, reduce testing costs, and further integrate CXMT's manufacturing and testing operations.