China’s CXMT wins a reported $3bn memory deal with Tencent
ChangXin 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 a filing or a statement. Reuters reported the arrangement on 29 June, attributing both its existence and its size to people it did not name.
The number should be read with that in mind. What is firmer is the relationship behind it, which is already a matter of record.
CXMT lists Tencent among its end customers, alongside Alibaba, ByteDance, Lenovo, and Xiaomi, though sales often run through distributors rather than directly.
The two have been working together on the unglamorous but decisive task of validation: Tencent has been testing CXMT’s domestically made DDR5 chips for...
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