CXMT’s founder is giving 40% of his new fortune to his workers
Zhu Yiming got about $10bn richer on Monday. He has promised to give roughly $5.6bn of it away, and not to charity. The chairman of CXMT saw his fortune climb nearly 300% to $13.9bn when the memory chipmaker closed its Shanghai debut up 466%, according to the Bloomberg Billionaires Index. About 40% of that is […]<br /> This story continues at The Next Web [...]
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CXMT soared 466% on day one to become China’s most valuable onshore company
China has a new most valuable listed company, and it makes the chips inside your phone. CXMT, formerly ChangXin Memory Technologies, closed its Shanghai debut up 466% on Monday, the South China Mornin [...]
Cloudflare’s new Dynamic Workers ditch containers to run AI agent code 100x faster
Web infrastructure giant Cloudlflare is seeking to transform the way enterprises deploy AI agents with the open beta release of Dynamic Workers, a new lightweight, isolate-based sandboxing system that [...]
Apple wants US approval to buy chips from CXMT as memory prices quadruple
Apple has been lobbying Commerce Department officials and other members of the Trump administration for approval to buy memory chips from ChangXin Memory Technologies, according to the Financial Times [...]
Apple starts testing China’s state-backed memory chips, and Washington is watching
Apple has begun testing memory chips from China’s state-backed CXMT for devices sold in China, the Financial Times reports. That puts it behind a supplier Washington has flagged as a security risk. [...]
CXMT prices a record $8.5bn Shanghai IPO, valuing China’s memory champion at $85bn
China’s biggest memory chipmaker is about to test the public markets. ChangXin Memory Technologies, known as CXMT, has priced its Shanghai IPO at 8.66 yuan ($1.28) a share, the South China Morning P [...]
CXMT is nearing LPDDR6 production. The company that just IPO’d at 470% could give Samsung and SK Hynix a competitor in next-gen phone memory.
ChangXin Memory Technologies has nearly completed R&D verification for LPDDR6 smartphone memory at speeds of up to 12.8Gbps, China Business News reported. This is one of the final technical stages [...]
How an Oregon court became the stage for a $115,000 showdown between Meta and Facebook creators
Some of the most successful creators on Facebook aren't names you'd ever recognize. In fact, many of their pages don't have a face or recognizable persona attached. Instead, they run pa [...]