CXMT and Tencent reportedly reach $2.94 billion DRAM supply agreement

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According to a Reuters report, Chinese DRAM maker CXMT (ChangXin Memory Technologies) has signed a long-term supply agreement worth more than RMB 20 billion ($2.94 billion) with Chinese internet giant Tencent Holdings, ahead of CXMT’s planned listing on Shanghai’s STAR Market. Citing three people familiar with the matter…
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