CXMT plans Beijing NAND push that would challenge Micron, Samsung

Micron Technology (NASDAQ: MU) could face a new Chinese NAND competitor as ChangXin Memory Technologies (688825.SS), or CXMT, prepares a Beijing R&D production line amid a global memory shortage, three sources said.

CXMT has discussed its NAND plans with customers, including a newly established startup that intends to buy its chips for storage products used in AI systems and supercomputers, one person with knowledge of the matter said. The person declined to identify the startup.