Reuters: Tencent Signs Long-Term Supply Agreement with YMTC, Contract Value Exceeds 20 Billion Dollars

BlockBeats News, June 29th, according to Reuters, three sources familiar with the matter revealed that Chinese memory chip manufacturer CXMT has signed a long-term supply agreement with Tencent Holdings, with a contract value exceeding 20 billion yuan (approximately $2.94 billion). This major order was secured before CXMT's highly anticipated initial public offering (IPO).

The sources said the agreement covers the supply of server DRAM chips for the next several years. Two of the sources mentioned that the contract duration is up to 3 years, while the third stated it could be up to 5 years. Due to the sensitive nature of the information, all three sources requested anonymity.

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