Yangtze Memory Technologies Corp (YMTC), China's largest flash memory chip manufacturer, intends to recover relatively quickly from US sanctions, with production scheduled to begin in its new, fully equipped factory in the second half of next year.
Ymtc.com has provided an image source for this article.
Washington imposed restrictions on the supply of advanced chips, including memory chips, initially suspended the construction and completion of a new YMTC factory in Wuhan, which is already operational, according to the Financial Times. Now, the company is confident that it will be able to rely on Chinese solutions to achieve its objectives.
Naura Technology and Advanced Micro-Fabrication Equipment are some of the local suppliers of YMTC manufacturing equipment. "This year, YMTC took on the challenging task of de-Americanizing the chip line," according to an analyst who wishes to remain anonymous.
YMTC's management has assured engineers that it would continue to purchase ASML tools for older production equipment that are not covered by the original sanctions agreement in 2024. There will be no more production at the new facility.
YMTC received $7 billion from China's "Big Fund" that finances the country's semiconductor industry in February of this year: the iPhone's supply of memory chips was canceled, the construction of a new factory was suspended, 70% of production agreements with Naura were terminated, and hiring began in the first quarter of 2023.
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