[CXMT Signs Long-Term Memory Supply Agreement with Tencent, Contract Value Exceeds 20 Billion RMB] According to Deep Tide TechFlow, on June 29, Reuters reported that three informed sources revealed that Chinese memory chip manufacturer ChangXin Memory Technologies (CXMT) has signed a long-term supply agreement with Tencent Holdings, with a contract value exceeding 20 billion RMB (approximately $2.94 billion USD). This significant order was finalized ahead of CXMT's highly anticipated initial public offering (IPO). The sources stated that the agreement covers the supply of server DRAM chips for the coming years. Two of the sources mentioned that the contract term is up to 3 years, while another indicated it could extend to 5 years. Due to the confidentiality of the information, all three sources requested anonymity.