British media reported that Chinese memory chip (chip) manufacturer Changxin Storage Technology Co., Ltd. will continue to promote the listing of the Shanghai Stock Exchange after being confirmed to be supplied to its new production line.
According to the British Financial Times on Wednesday (May 10), three people familiar with the matter reported that after a few months of uncertainty, Changxin Storage has been told that the company's chip manufacturing requiredThe equipment is not affected by the US export control order.This will help the company's plan to continue to promote in Shanghai.
Changxin Storage was established in 2016. It is the largest DRAM memory chip manufacturer in China. It is also the only company that can produce memory chips below 20 nanometers below 20 nanometers.Changxin Storage plans to use American equipment to produce less precise mobile phones, servers and electric vehicle chips, bypass the strict control of advanced chip equipment in the United States.Changxin Storage was one of the Chinese chip manufacturers that were forced to shelve the expansion of the manufacturer after the United States issued a comprehensive export control measure on October 7 last year.
A person familiar with the matter revealed that the source of the new US equipment purchased by Changxin Storage has not yet been announced, but the United States Research (Lam Research) and KLA have recently said"Explanation" allows these two American companies to expand their sales to China this year. This clarification means that both companies can sell equipment that was previously worried about being prohibited.
Korin R & D and Ke Lei did not explain which Chinese company would sell products to the Chinese company, but a person familiar with the matter said that the above clarification stated that the two companies would store the sales of chip manufacturing equipment from Changxin.Another person said that the clarification of the Ministry of Commerce did not change the benchmark of export control orders in October last year, but it shows that enterprises should be used to calculate the correct method of customer chip nano -level.
Bloomberg reported on April 20 this year that Changxin Storage will go public to the Shanghai Science and Technology Board this year at least 100 billion yuan (RMB S $ 19.1 billion).
The Financial Times quoted three sources that Changxin Storage is currently discussing listing with at least two potential underwriters, including CICC.A banker said that the listing plan was still in the early stage, and the scale and time point had not been decided.
People familiar with the matter said that the valuation of Changxin Storage currently calculated in scientific and technological assets and chip capacity is much higher than 100 billion yuan, and it is much higher than the valuation of about 72 billion yuan after the fundraising in December last year.At present, the investors of the Changxin Storage parent company Ruili Integration include Alibaba, a fund controlled by Xiaomi, and the national integrated circuit industry investment fund.
