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China's memory maker YMTC scores $7B to counter bans

  • The Register faviconThe Register

    Mar 2, 2023, 11:27 pm280 pts
    photo of China's memory maker YMTC scores $7B to counter bans imageUS isn't the only country splashing out the cash for fabs Embattled memory vendor YMTC is getting a 49 billion yuan ($7 billion) infusion of funds from Chinese state-backed investors in the wake of sweeping trade restrictions against the company by the US and its allies.…
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