ChangXin Memory Technologies, founded in 2016 and headquartered in Hefei, Anhui, has raised more than $5 billion in funding from state-backed and strategic investors including the China Integrated Circuit Industry Investment Fund and local government-linked capital. The company specializes in DRAM memory chip design and manufacturing, playing a key role in China’s semiconductor self-sufficiency strategy. Following significant capital injections in 2023 and continued expansion, CXMT is preparing for a potential IPO and aims to advance domestic memory production capabilities to compete with global leaders.