On September 28, 2026, CXMT’s board reportedly approved a 34.9 billion yuan investment plan covering a technology R&D center and the second phase of a memory-wafer back-end testing base. The plan would allocate 18 billion yuan in IPO over-allotment proceeds to the two projects.
How the reported investment is divided
| Project | Reported project budget | Reported IPO over-allotment allocation |
| Technology R&D center | 24.1 billion yuan | 13 billion yuan |
| Second phase of memory-wafer back-end testing base | 10.8 billion yuan | 5 billion yuan |
Research and testing infrastructure
The R&D center is described as serving technology research and development. The other project is phase two of a back-end testing base for memory wafers.
The reported plan would route the 5 billion yuan allocated to the testing project to wholly owned subsidiary CXMT Storage Products (Hefei) Co., Ltd. through capital increases and loans.
