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Yangtze Memory Technologies (YMTC) will maintain its pace of in-house technological innovation while also cultivating local talent in China, according to Cheng Weihua, COO for the China-based memory chipmaker.
China has assigned a new chief for a high profile, state-backed chip investment fund amid a renewed push to pour resources into the local semiconductor industry and counter a US-led blockade of the country’s technological development. Zhang Xin is taking the helm of the National Integrated Circuit Industry Investment Fund…
The highly stage-managed affair takes place amid growing threats of war by the US, a sharp economic slowdown and rising social tensions, exacerbated by the criminal decision to end the zero-COVID policy.
China is planning to invest $1.9 billion in its biggest maker of memory chips, Yangtze Memory Technologies Co., to renew the influx of capital into the industry that affected by US sanctions.
The Biden administration has reportedly halted approving licenses for US suppliers to export most items to Chinese tech company Huawei, and is weighing complete ban to cut Huawei off from all American suppliers, a sign that paranoid Washington has taken its relentless assault on the Chinese tech industry a step further and morphed it into a geopolitical battle for supremacy.