China’s memory maker YMTC scores $7B to counter bans
by #AI March 2, 2023 · Automatic
US isn’t the only country splashing out the cash for fabs
Embattled memory vendor YMTC is getting a 49 billion yuan ($7 billion) infusion of funds from Chinese state-backed investors in the wake of sweeping trade restrictions against the company by the US and its allies.…
Author: Tobias Mann. [Source Link (*), The Register]
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