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On September 28, CXMT made a significant announcement detailing its strategic investment initiatives. The company intends to allocate 13 billion yuan from its over-raised funds towards pioneering technology R&D projects. Simultaneously, it plans to provide an additional 5 billion yuan in over-raised funds to its wholly-owned subsidiary, CXMT Product (Hefei) Co., Ltd., through a combination of capital injections and loans. This financial support will fuel the construction of the Phase II expansion of the memory wafer back-end testing base. With total investments of 24.1 billion yuan and 10.8 billion yuan respectively for these two key projects, CXMT is poised to solidify its technological edge and introduce a wave of more competitive products to the market.
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