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CXMT plans second Beijing chip plant: Report

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CXMT plans second Beijing chip plant: ReportChina's largest chipmaker by market value is barely a week removed from its record-breaking IPO, and it's already lining up its next major expansion.CXMT is reportedly in preliminary discussions to construct a second 12-inch wafer facility in the Yizhuang area of Beijing, say two people with knowledge of the matter but not authorised to speak about it.The plant will be located some 20 kilometres southeast of downtown Beijing, where CXMT currently operates a DRAM fab plant.What is CXMT asking for?The company is reportedly trying to secure at least 60 million yuan ($8.9 million) of…

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