ChangXin Memory Technologies (CXMT), China's largest domestic DRAM chipmaker, plans to build a second chip fabrication plant in Beijing and is seeking fresh funding, aiming to more than double product…
China's AI boom is widening regional economic disparities, with tech hubs like Hefei, home to memory chip maker CXMT Corp., driving growth while rust-belt cities such as Changchun face severe slowdown…
Nexchip Semiconductor Corp raised $890 million in a Hong Kong IPO priced at the top of its range, trading at a 57% discount to its Shanghai-listed stock. The state-backed foundry, which makes mature-n…
Nexchip Semiconductor Corporation began trading on the Hong Kong Stock Exchange on July 10 after raising approximately $890 million in a share sale, with proceeds earmarked for R&D and a new $5.1 bill…
NIO's F2 electric vehicle plant in Hefei, China, operates with 98% automation, using 941 KUKA robots for body assembly and AI-driven systems to produce one car per minute. The factory employs a zero-i…