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CXMT plans to mass-produce 12-high HBM next year after starting HBM3 8-high mass production this year, according to industry sources cited by Citrini Research

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The move suggests China is closing the gap with SK Hynix (HXSCL), Samsung Electronics (005930 KS) and Micron (MU) in mainstream HBM.  CXMT is reportedly converting about 20% of DRAM output to HBM and plans a USD 4.2bln IPO to expand DRAM and HBM lines.

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