Tech war: China’s top memory chip maker YMTC gets US$7 billion from state-backed investors
posted on March 06, 2023 12:05
China’s top memory chip maker Yangtze Memory Technologies Co (YMTC), which was added to a US trade blacklist last year, has received a US$7 billion capital boost from state-backed investors, in a sign that Beijing is doubling down on its efforts to shore up domestic chip production amid growing tensions with the US.
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