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China Invests $5 4 Billion in Two-Year-Old Memory Chipmaker

China Invests $5 4 Billion in Two-Year-Old Memory Chipmaker
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China invests $5 4 billion in two-year-old memory chipmaker

In its latest funding round, Hefei-based Changxin Xinqiao secured 14.6 billion yuan from the state-backed China Integrated Circuit Industry Investment Fund Phase II in late October and funding from two other investors affiliated with the local government, according to Chinese corporate data provider Tianyancha.

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