China's Chip Giant Just Dropped $5B : These Stocks Could Rise Next

Very Bullish · $688200.SS · $688711.SS · $300604.SZ · $688627.SS · $603061.SS

What Happened

ChangXin Technology announced a 35 billion yuan investment in new R&D and a second-phase memory wafer back-end testing base, with 10.8 billion yuan for the testing facility and 8.18 billion yuan for equipment.

Bottom Line

ChangXin's huge investment reinforces the bullish case for China's semiconductor equipment sector, with back-end testing poised for rapid growth.

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