Chinese memory maker CXMT sues Pentagon to get off US list
CXMT has sued the US Department of Defense in Washington seeking removal from the list identifying it as a Chinese military company, a designation that blocks defence contracts without restricting commercial sales. The company is the world’s fourth-largest DRAM maker and passed Tencent this month to become China’s most valuable listed company. CXMT has sued […]<br /> This story continues at The Next Web [...]
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Apple starts testing China’s state-backed memory chips, and Washington is watching
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CXMT soared 466% on day one to become China’s most valuable onshore company
China has a new most valuable listed company, and it makes the chips inside your phone. CXMT, formerly ChangXin Memory Technologies, closed its Shanghai debut up 466% on Monday, the South China Mornin [...]