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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 US$5.4 billion in two-year-old memory chip maker as self-sufficiency drive picks up

Semiconductor start-up Changxin Xinqiao Memory Technologies has raised 39 billion yuan (US$5.4 billion) from government-backed investors, a sign Beijing is doubling down on its efforts to achieve technological self-sufficiency and counter US sanctions. ....

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