Parent of China’s CXMT to Invest $2.4 Billion in New Chip Plant

The controlling firm of China’s top chipmaker ChangXin Memory Technologies Inc. will invest no less than 17.1 billion yuan ($2.4 billion) in an advanced packaging plant in Shanghai that could be used to make AI memory.

Innotron, CXMT’s parent, signed a contract with the local government in June via a Shanghai subsidiary to secure land, and the new site is expected to start production in mid-2026, according to official documents published on a Shanghai government website.

The project will focus on a wide range of packaging technologies, including an advanced process called TSV, or through-silicon vias, required to ...