Multiple outlets, citing Reuters reporting, say Chinese DRAM maker ChangXin Memory Technologies (CXMT) has reached a long-term memory supply agreement with Tencent Holdings worth more than RMB 20 billion (about $2.94–$3 billion). The reports describe the pact as multi-year and framed as a binding supply arrangement between one of China’s largest cloud operators and its major domestic DRAM supplier. According to sources familiar with the matter, the agreement is connected to CXMT’s planned listing on Shanghai’s STAR Market, with the supply deal expected to strengthen commercial visibility around the company before the offering. The companies have not publicly confirmed the agreement, and the reported figures come from people close to the discussions rather than from official statements. The coverage does not provide detailed terms such as specific DRAM product categories, delivery schedules, or pricing mechanisms, focusing instead on the reported deal size, the parties involved, and the timeline context involving CXMT’s listing plans.
CXMT and Tencent reportedly agree on multi-year DRAM supply deal worth about $3 billion
Multiple outlets, citing Reuters reporting, say Chinese DRAM maker ChangXin Memory Technologies (CXMT) has reached a long-term memory supply agreement with Tencent Holdings worth more than RMB 20 bill...
- CXMT (ChangXin Memory Technologies) is reported to have agreed a long-term DRAM/memory supply deal with Tencent.
- The deal value is reported at more than RMB 20 billion, roughly $2.94–$3 billion.
- The reports cite Reuters and unnamed sources familiar with the discussions.
- Neither CXMT nor Tencent has publicly confirmed the agreement.
- The reported deal is described as occurring ahead of CXMT’s planned listing on Shanghai’s STAR Market.
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, the multi-year agreement will secure the supply […]
1 month agoChangXin Memory Technologies has agreed to supply Tencent with roughly $3bn of memory chips, two people familiar with the matter told Reuters, in a deal that would bind one of China’s largest cloud operators to its largest homegrown DRAM maker. Neither company has confirmed the agreement publicly, and the figure comes from sourcing rather than […] This story continues at The Next Web
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