China ramps up chip race with Changxin memory for Xiaomi

Changxin Memory Technologies, a Chinese company, has begun mass production of LPDDR6 DRAM chips, which will be used in the highly anticipated foldable Xiaomi phone, the "18 Fold," expected to be launched in September. This move reflects the company's progress in mobile chip technology and narrowing the gap with leading global manufacturers such as Samsung and SK Hynix. Additionally, the company recorded a significant increase in half-year revenues, rising by 874% to 150.3 billion yuan ($22.36 billion), and confirmed that it has sent chip samples to its clients. This development is part of China's efforts to boost its capabilities in chip manufacturing and reduce reliance on foreign technology.

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