A sign outside YMTC’s Silicon Valley office in San Jose, California. Photo: Shutterstock
A sign outside YMTC’s Silicon Valley office in San Jose, California. Photo: Shutterstock
US-China tech war
Tech /  Tech War

Tech war: China’s top memory chip maker YMTC gets US$7 billion from state-backed investors

  • The investment has doubled YMTC’s registered capital to over 105 billion yuan, showing Beijing’s support of the Wuhan-based company
  • One of the investors was the Big Fund, China’s primary financing vehicle for home-grown chip start-ups and semiconductor-related enterprises

Ann Cao
Ann Cao in Shanghai

Updated: 8:00pm, 2 Mar, 2023

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A sign outside YMTC’s Silicon Valley office in San Jose, California. Photo: Shutterstock
A sign outside YMTC’s Silicon Valley office in San Jose, California. Photo: Shutterstock
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