HEFEI, China — The headquarters of Chinese memory chip manufacturer CXMT is located in the eastern city of Hefei, more than 1,000 kilometers away from the country's major technology centers in Beijing and Shenzhen. The company's expansive campus is secured with electrified fencing, underscoring its significance. Hefei stands to benefit substantially from its investment in CXMT, reflecting local government support for technology development away from established hubs.

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