Embattled memory vendor YMTC is getting a 49 billion yuan infusion of funds from Chinese state-backed investors in the wake of sweeping trade restrictions against the company by the US and its allies.that approximately 12.9 billion yuan of the money will come from China's semiconductor investment group – better known as the Big Fund. Meanwhile, thethe chip shop has received another $5.1 billion from Hubei Changsheng Development and Changjiang Industry Investment Group.
Much of China's semiconductor building capacity lags behind Taiwan, Korea, and the US by at least two years – particularly when it comes to advanced process nodes. But YMTC is seen as a genuine threat to other memory vendors including Samsung, SK hynix, and Micron.reported, YMTC was in the process of developing 232-layer NAND memory that would compete directly with the most advanced modules from Micron, hynix, and Samsung.
However, YMTC's future was cast into doubt last year after the Biden administration began taking steps to cut off the vendor's access to critical memory manufacturing equipment. The US Commerce Department