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Semiconductor: The Big Fund's latest investment comes after it invested 13 billion yuan into Yangtze Memory Technologies (YMTC) earlier this year, marking one of its largest investments in recent years.
Yangtze Memory Technologies Co (YMTC), China's leading memory chip producer, has manufactured the "world's most advanced" 3D NAND memory chip known to be in a consumer device in a "surprise technology leap", according to a report by TechInights. YMTC's memory chip, found in a solid-state drive launched quietly in July, shows that the manufacturer has continued to develop advanced technology despite being hampered by sanctions after it was placed on the US Commerce Department's Entity List, accor
(Bloomberg) -- SK Hynix Inc. declared its opposition to a merger of Kioxia Holdings Corp. and Western Digital Corp., introducing more uncertainty to a landmark US-Japanese deal years in the making.Most Read from BloombergControversial Chip in Huawei Phone Produced on ASML MachineApple Plans AirPods Overhaul With New Low- and High-End Models, USB-C HeadphonesTrump Ally Mike Johnson Elected House Speaker, Shifting GOP Further RightIsrael Is Losing Support as Fury Grows Over Its Strikes on GazaPost
(Bloomberg) -- SK Hynix Inc. declared its opposition to a merger of Kioxia Holdings Corp. and Western Digital Corp., introducing more uncertainty to a landmark US-Japanese deal years in the making.Most Read from BloombergControversial Chip in Huawei Phone Produced on ASML MachineApple Plans AirPods Overhaul With New Low- and High-End Models, USB-C HeadphonesIsrael Is Losing Support as Fury Grows Over Its Strikes on GazaTrump Ally Mike Johnson Elected House Speaker, Shifting GOP Further RightPost
Demand also remains low in China, the market for nearly a third of Seagate's revenue, amid an uneven economic recovery in the country after it abandoned its strict zero-Covid policy.