Jinjiang, Fujian: a quietly emerging storage super unicorn - 36Kr

Fujian Jinhua was once one of China’s three major memory-chip projects, alongside Yangtze Memory and CXMT, but U.S. sanctions and criminal charges largely halted its DRAM operations.

After a global settlement with Micron in late 2023, a U.S. court ruled in February 2024 that the related allegations were not sustained.

In 2025, CEO Chen Zhengkun stepped down to become a technical adviser, signaling a quiet phase of reorganization.

The case underscores how difficult China’s push for memory-chip self-sufficiency is under technology gaps, patent disputes, and external restrictions.