CXMT Plans Second Chip Plant in Beijing, in Talks on Its Funding, Sources Say

3-line summary

• China's CXMT is planning a second chip plant in Beijing and is in early-stage talks on its funding, according to sources cited by Reuters.
• The move follows CXMT's $8.6 billion IPO last month, and its shares have gained 13% since the debut, per the report.

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