Changxin Technology completes a new round of financing of 10.8 billion yuan

Changxin Technology recently completed a new round of financing of 10.8 billion yuan, with investors including GigaDevice, Changxin Integrated Circuit, Hefei Industrial Investment, etc. The funds raised from this round of financing will be used for the company's DRAM business development, replenishment of working capital, repayment of loans from financial institutions, and equity investment in participating and controlling subsidiaries.