The US has sharpened its assault on China’s technology industry, an escalation that leaves Beijing with few options to retaliate.
Browsing: Yangtze Memory Technologies
The Joe Biden administration plans to put China’s Yangtze Memory Technologies and dozens of other companies on a trade blacklist.
Chinese President Xi Jinping said his nation will prevail in its fight to develop strategically important technology.
There’s almost no other sector in history that’s shown the same level of consistent development for so long.
Investors have been spooked by new US export control measures aimed at slowing Beijing’s technological and military advances.
China lashed out at the $52-billion programme to expand American chip-making, saying it violates fair market principles.
China’s top leadership has grown increasingly frustrated with a years-long failure to develop semiconductors that can replace US circuitry.
The US is considering limiting shipments of American chip-making equipment to memory chip makers in China, a move that could have broad ramifications.
Apple is exploring new sources of the memory chips that go into iPhones, including potentially its first Chinese provider.
China’s top flash memory chip maker sees no easy way to replace US chip-making gear, underscoring how a further crackdown on the supply of American technology will devastate the local semiconductor industry.