CXMT plans flash-memory push amid global memory shortage
Chinese chipmaker CXMT (SSE:688825) is preparing to enter the flash-memory chip market dominated by Samsung and other foreign rivals, according to three people familiar with the plan.
Chinese chipmaker CXMT SSE:688825 is preparing to enter the fast-growing flash memory chip market dominated by Samsung Electronics and other foreign rivals, three people familiar with the matter said. The move would broaden CXMT's customer base amid a global memory shortage and would also put it in competition with Samsung Electronics and other foreign rivals.