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China's biggest chip maker YMTC gets $7 billion from government to boost speed

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The US and its allies are working to cut China off from advanced semiconductor technology. According to some reports, this has put the domestic chip industry on the brink of collapse. In response, China has pledged $143 billion in investment to help its semiconductor industry become more self-sufficient.

State-backed investors poured $7.1 billion (49 billion yuan) into the company, according to the South China Morning Post. As a result, the registered capital of the company exceeded 105 billion yuan.

Interestingly, high-performance computing, quantum computing, and advanced integrated circuit design and manufacturing are three of the seven areas in which the U.S. still has a technological edge over China out of 44 areas. China is clearly willing to spend the necessary money to make up this difference, notes WebProNews.

The company has been hit hard by export controls imposed by the U.S. Department of Commerce in October on chip manufacturing equipment, which aims to restrict China’s 14nm logic chips and 18nm and 128-layer DRAM and NAND flash memory. technical process. respectively. .

By blacklisting YMTC in December, Washington further restricted the company’s access to US-origin technology. From October to February, YMTC may have cut up to 70 percent of its orders from Naura Technology, one of China’s leading semiconductor equipment manufacturers, SCMP said last month. And this clearly reflects the difficulties with the company’s expansion plans. In January, the company said it could lay off up to 10 percent of its nearly 6,000 employees.

Despite the challenges, YMTC overtook industry leaders Samsung Electronics, SK Hynix and Micron Technology last year by releasing an enhanced version of NAND Flash, according to TechInsights, a Canadian chip and microelectronics information provider. NAND Flash is a “non-volatile” storage technology that retains data even without power, making it ideal for many electronic devices such as smartphones, tablets, and laptops.

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