The Latest Breaking News from YMTC

Proposed ban on AI chip exports could devastate chipmakers and spur China to strengthen its semiconductor industry

YMTC chairman warns about turmoil and disorder in the semiconductor industry.

The Biden administration on Thursday added Chinese memory chipmaker Yangtze Memory Technologies Co Ltd (YMTC) and 21 "major" Chinese players in the artificial intelligence chip sector to a trade blacklist, broadening its crackdown on China's chip industry.

On Thursday, the U.S. government broadened its crackdown on China’s chip industry by adding memory chipmaker YMTC and 21 “major” Chinese players in the artificial intelligence chip sector to a Commerce Department trade blacklist.

The Biden administration plans to remove some Chinese entities from a red flag trade list, a U.S. official told Reuters on Wednesday amid closer cooperation with Beijing.

US tech giant Apple Inc has put on hold plans to use memory chips from China's Yangtze Memory Technologies Co (YMTC) in its products, after Washington imposed tighter export controls against Chinese technology companies, the Nikkei reported on Monday. Apple had originally planned to start using state-funded YMTC's NAND flash…

U.S.-listed Chinese stocks tumbled on Monday after the U.S. Department of Commerce announced a new set of rules restricting the sale of advanced computing semiconductors or related manufacturing equipment to China.