US chip firms lose billions in value after Chinese chip maker CXMT launches new chip design
- ChangXin Memory Technologies, a Chinese chipmaker, has caused declines in major U.S. chip stocks this week.
- • CXMT's advancements in denser memory chip designs have notably impacted shares of Micron and SK Hynix, according.
- CXMT's rise as a competitive player in the memory chip sector has attracted the attention of global investors, industry.
Source: timesofindia.indiatimes.com
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