Changxin Storage Technology completes 10.8 billion yuan financing, with a valuation of nearly 140 billion yuan

Changxin Memory Technologies reportedly raised 10.8 billion yuan in a funding round at the end of March, with a valuation of nearly 140 billion yuan. Founded in 2016 and headquartered in Hefei, east China’s Anhui Province, Changxin Memory Technologies is China’s best hope to catch up with the world’s top three DRAM manufacturers.