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Tech war: US-blacklisted YMTC, China’s top memory chip maker, sees improved global market demand in 2023 as push for innovation continues
- Yangtze Memory Technologies Co sees boost in global demand for NAND Flash products from makers of smartphones, servers and personal computers
- YMTC’s chief operating officer said the firm continues to push for innovation, business diversification and talent development, despite US sanctions
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China’s top memory chip maker Yangtze Memory Technologies Co (YMTC), which was added to the US trade blacklist last December, is seeing improved global demand this year for NAND Flash memory products, as the company continues its push for innovation.
That development was revealed by Cheng Weihua, chief operating officer of YMTC, in his speech on Thursday at the annual China Flash Market Summit held in Shenzhen, which was also attended by delegates from major chip makers including Samsung Electronics, Intel Corp and Micron Technology.
In spite of US trade sanctions, Cheng said YMTC will continue to push for “technological innovation, global coordination, business diversification and local talent development”, according to a summary of his speech published by Chinese semiconductor industry news portal Ijiewei.
He told the forum that supply and demand in the global NAND Flash market will reach a balance in the second half of this year, primarily on the back of orders from makers of smartphones, servers and personal computers.
NAND Flash is a type of non-volatile storage technology that retains data even without power, which has made it ideal for many electronics devices such as smartphones, tablets, laptop computers and solid-state drives.
Lilian Zhang is a Shanghai-based technology reporter. Prior to joining SCMP, she worked for non-government organisations, media outlets and in corporate communications.
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