ChangXin Memory (CXMT) has entered a significant supply agreement with Tencent Holdings, valued at over 20 billion yuan ($2.94 billion), ahead of its IPO. The deal, revealed by three informed sources, involves the supply of server DRAM chips over a period of up to five years. This agreement comes amid global memory chip shortages and rising costs, highlighting the strategic importance of securing long-term supply contracts for enterprises. Both companies have yet to comment on the agreement.