CXMT and Tencent Reportedly Reach $2.94 Billion DRAM Supply Agreement
CXMT has signed a long-term supply agreement worth more than RMB 20 billion ($2.94 billion) with Tencent, according to a report by TechNode.[1] The agreement will secure the supply of DRAM chips for Tencent’s server business.[2]
This development marks a significant step for China’s domestic DRAM industry, as CXMT positions itself as a key supplier to major tech companies. The deal could run for up to three years according to two sources, or as long as five years according to a third source.[3] Neither CXMT nor Tencent has commented on the report.[4]
Agreement Details
The long-term supply agreement between CXMT and Tencent is valued at over RMB 20 billion ($2.94 billion).[1] It is designed to secure the supply of DRAM chips specifically for Tencent’s server business.[2] The duration of the agreement varies according to different sources: two sources indicate it could run for up to three years, while a third source suggests it could last as long as five years.[3]
Industry Context
This agreement represents a breakthrough for China’s domestic DRAM industry, which has been working to reduce reliance on overseas suppliers. For more on China’s semiconductor sector, see our Semiconductor category. The deal highlights CXMT’s growing capability to serve large-scale enterprise customers like Tencent.
Company Responses
As of the report, neither CXMT nor Tencent has provided any official comment on the agreement.[4] The information is based on sources cited by TechNode, and no independent confirmation has been made.
