CXMT’s 34.9 Billion Yuan Expansion Puts China Chip-Tool Sourcing in Focus

Hefei, 29 September 2026 – ChangXin Memory Technologies is planning a 34.9 billion yuan, or about US$5.2 billion, expansion involving technology development and wafer testing. A company stock filing cited in the report allocates 24.1 billion yuan to a new research-and-development project and 10.8 billion yuan to a second phase of a testing base. The figures describe planned capital spending, not revenue, profit or equipment orders already awarded.

Within the research-and-development project, almost 22.4 billion yuan is budgeted for equipment, equivalent to about 93% of that project’s stated cost. This concentration makes the identity and capability of tool suppliers central to the economics of the plan. A source familiar with the strategy says CXMT intends to favour domestic equipment vendors, but the published filing figures alone do not establish a final purchasing list or guarantee that every machine will be locally sourced.