Yangtze Memory Technologies

Last updated
Yangtze Memory Technologies Corp
Native name
长江存储科技有限责任公司
Company typePartially state-owned enterprise
Industry Semiconductors
FoundedJuly 26, 2016;7 years ago (2016-07-26) [1]
Headquarters Wuhan, Hubei, China
Area served
Greater China
Key people
Chen Nanxiang
(Chairman and acting CEO)
Dr. Simon Shining Yang
(Deputy Chairman) [2]
Products Flash memory
SSDs
BrandsXtacking
Zhitai
Number of employees
~8,000 (2023) [3]
Website www.ymtc.com OOjs UI icon edit-ltr-progressive.svg

In July 2021 U.S. Representatives Michael McCaul and Bill Hagerty wrote a letter to the United States Secretary of Commerce arguing that YMTC should be placed on the department's Entity List. The letter stated that YMTC will assist the Chinese government in using unfair trade tactics to force American competitors out of the memory-chip sector, thereby putting US national security in jeopardy. It also highlighted YMTC's alleged close ties with the Chinese Communist Party and People's Liberation Army. Additionally, some YMTC executives previously worked for Semiconductor Manufacturing International Corporation, which was added to the Entity List in December 2020. [41] [42]

In April 2022 U.S. Senator Marco Rubio voiced his displeasure with reports that Apple was considering procuring NAND chips from YMTC. YMTC, according to Rubio, has ties to the Chinese Communist Party and the People's Liberation Army. [43] [44] In September 2022, additional legislators urged the White House to put YMTC on the entity list after a report was released about YMTC's supply of chips to Huawei. [45] In October 2022, the Biden administration announced 31 Chinese companies, including YMTC, were being added to the Unverified List. [46] On December 15, the Biden administration added YMTC to the Entity List. [30] [47] The James M. Inhofe National Defense Authorization Act for Fiscal Year 2023 also banned the U.S. federal government from buying or using chips from YMTC. [48] In January 2024, the United States Department of Defense named YMTC on its list of "Chinese Military Companies Operating in the United States." [49]

On March 3, 2024, The Wall Street Journal reported that in 2022, Micron lobbied the U.S. government to block exports to YMTC and spent more on lobbying in the past two years than any prior period. [50]

See also

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    Yangtze Memory Technologies Corp
    Simplified Chinese 长江存储科技有限责任公司
    Traditional Chinese 長江存儲科技有限責任公司