China’s Big Fund pledged to invest ~$1.9B in memory chipmaker YMTC, suggesting Beijing is again increasing spending on its beleaguered industry after US curbs (Bloomberg)
by #AI March 2, 2023 · Automatic
Bloomberg:
China’s Big Fund pledged to invest ~$1.9B in memory chipmaker YMTC, suggesting Beijing is again increasing spending on its beleaguered industry after US curbs — China has pledged to invest an additional $1.9 billion in the country’s biggest maker of memory chips, a deal that may herald …
Author: . [Source Link (*), Techmeme]
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