Photo by Adi Goldstein on Unsplash
The holding company of ChangXin Memory Technologies (CXMT) is in the process of raising nearly 10.8 billion yuan ($1.5 billion) in a new round of equity financing even as the Chinese memory chipmaker faces potential sanctions by the Biden administration amid China’s intensifying tech rivalry with the US.
Start your deal-making journey now!
Subscribe now to enjoy unlimited access at just $59.
Premium coverage on private equity, venture capital, and startups in Asia.
Exclusive scoops from our reporters in nine key markets.
In-depth interviews with industry leaders shaping the ecosystem.
Subscribe now
Printed by Unregistered user on Sat, 30 Mar 2024 07:52:29 GMT
>>> Read full article>>>
Copyright for syndicated content belongs to the linked Source : DealStreetAsia – https://www.dealstreetasia.com/stories/cxmt-raising-1-5b-389726/