The Projection — a symmetric watercolor butterfly

The Projection

The surface is never the system.

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CXMT → unnamed vendor(s) — memory & storage

$5.2B — **CXMT filed a plan to invest 34.9 billion yuan (US$5.2 billion) in a new DRAM technology R&D project and a second-phase wafer testing base, with a large share going to domestic chipmaking-equipment suppliers** The Monday stock filing splits the money 24.1 billion yuan for R&D (n (paid to unnamed vendors/contractors — this source doesn't disclose who specifically got the money)

high confidence · as of 2026-09-28T00:00:00Z ·

$5.2B — **CXMT filed a plan to invest 34.9 billion yuan (US$5.2 billion) in a new DRAM technology R&D project and a second-phase wafer testing base, with a large share going to domestic chipmaking-equipment suppliers** The Monday stock filing splits the money 24.1 billion yuan for R&D (n (paid to unnamed vendors/contractors — this source doesn't disclose who specifically got the money)

Sourced figures 2


the working

Basis

$5.2B — **CXMT filed a plan to invest 34.9 billion yuan (US$5.2 billion) in a new DRAM technology R&D project and a second-phase wafer testing base, with a large share going to domestic chipmaking-equipment suppliers** The Monday stock filing splits the money 24.1 billion yuan for R&D (n (paid to unnamed vendors/contractors — this source doesn't disclose who specifically got the money)

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