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US Chip Curbs Force China’s YMTC to Look For More Funds – FT

Spending on new equipment and developing new components and chipmaking tools has accounted for most of the $7bn raised earlier in the year

China chip industry illustration
Beijing is aiming to develop 70% semiconductor self-sufficiency by 2025 as part of the Xi Jinping government’s Made in China 2025 campaign. Photo: Reuters


China’s biggest memory chipmaker, YMTC, has been forced to raise billions more dollars of fresh capital as it counts the cost of US tech restrictions on its business, the Financial Times reported.

Washington’s curbs have reportedly forced Yangtze Memory Technologies Corp to spend $7bn in funding over the past year trying to adapt to the curbs which saw the firm added to a trade blacklist and prohibited from procuring US equipment to manufacture chips.

Read the full story: The Financial Times


  • By Sean O’Meara


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Sean O'Meara

Sean O'Meara is an Editor at Asia Financial. He has been a newspaper man for more than 30 years, working at local, regional and national titles in the UK as a writer, sub-editor, page designer and print editor. A football, cricket and rugby fan, he has a particular interest in sports finance.


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