Hefei's CXMT jackpot fuels China local governments' tech bets

HEFEI, China -- The headquarters of Chinese memory chip maker CXMT is more than 1,000 kilometers away from the country's tech hubs in Beijing or Shenzhen. The sprawling campus, surrounded by walls with electrified fencing for security, sits in the eastern city of Hefei, which is poised to reap hefty rewards from its bet on the company.