Key facts
- A fund backed by Chinese memory chip giant YMTC is investing in a new chipmaking venture.
- The venture aims to develop an alternative chip manufacturing process.
- This investment is seen as a response to ongoing US export controls on advanced semiconductor technology to China.
A fund backed by Chinese memory chip giant YMTC is investing in a new venture that aims to develop an alternative chip manufacturing process. This move comes as China seeks to circumvent US export controls on advanced semiconductor technology.
The investment highlights China's ongoing efforts to build its domestic semiconductor industry and reduce reliance on foreign technology, particularly in the face of stringent US sanctions that limit access to critical manufacturing equipment and intellectual property.