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

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

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
READ FULL ARTICLE