The China Integrated Circuit Industry Investment Fund — the Big Fund — has invested around ¥14.56 billion (approx. $1.99 billion) in Changxin Xinqiao, a new DRAM maker from China, reports Reuters. The company is managed by Zhao Lun, who happens to be the general manager of ChangXin Memory Technologies (CXMT), so the two companies might be affiliated.
It's not entirely clear how the money will be spent, but Changxin Xinqiao has submitted an application to build a manufacturing facility for a 300-mm DRAM fab, according to National Enterprise Credit Information Publicity System (NECIPS) database records. While the registry data lacks detailed specifics about the project, a statement from a project contractor released last June indicates that it aims to be China's first facility that will both develop and mass produce dynamic random access memory (DRAM).
