Chinese chipmaker Yangtze Memory Technologies Co (YMTC) Ltd has asked its US employees in core technology positions to leave.
Chinese chipmaker Yangtze Memory Technologies Co (YMTC) Ltd has asked its US employees in core technology positions to leave, as the company rushes to comply with new US export restrictions, The Financial Times reported on Monday.
It is unclear how many US citizens and green card holders will be forced out of YMTC, the Financial Times reported, citing four people close to the company.
The article said that some employees in China has left the company.
China’s chip imports fell 12.4% year-on-year in September – Government data
China’s chip imports fell 12.4% in September, according to official customs data released on Monday, further falling amid tensions with China. USA and ongoing chip shortage.
The country imported 47.6 billion units of chips for the month, compared with 54.3 billion units in September 2021, according to the data, which was due for release earlier this month but delayed due to the Communist Party. product Conference.
That maintains the continued downward trend for chip imports.
In the first nine months of 2021, China imported 417.1 billion chip units, down 12.8% year-on-year.
Chip imports to China increase sharply in 2021, as tensions between the US and China over technology policy escalate and global lack of chips causing many companies in China to stockpile supplies.
Separate data from the National Bureau of Statistics showed that domestic chip production in September fell 16.4% year-on-year to 26.1 billion units. In the first nine months of 2022, total production fell 10.8% to 245 billion units.
Achieving self-sufficiency for China’s chip industry remains an important policy priority for China Beijingespecially when Washington continues to target the growth of China’s semiconductor sector, with the latest being a series of sanctions announced by the Biden administration earlier this month.
The sanctions have caused major overseas chip equipment manufacturers to stop supplying key Chinese chip companies, including Yangtze memory Technologies Co (YMTC) and Semiconductor Manufacturing International Corp (SMIC), and Advanced artificial intelligence chip makers stop supplying companies and labs. .
