China Chipmaker YTMC Cuts 10% of Staff After US Curbs – SCMP

Leading Chinese chipmaker Yangtze Memory Technologies Corp (YMTC) will cut 10% of its staff just two months after it was hit by a US export ban, the South China Morning Post reported on Tuesday.

YTMC is one of 35 Chinese firms alongside the likes of Huawei Technologies placed on a trade blacklist by the US Commerce Department, the report said, dealing a significant blow to Beijing’s technology sector.

Read the full report: The South China Morning Post.

Read more:

Japan, Netherlands to Join US in Enforcing China Chip Curbs

Steps Made Towards Deal on Fresh China Chip Curbs: ASML

China’s YMTC Asks US Staff to Leave After US Chip Curbs – FT

China’s Chip Industry Faces Deep Pain From US Curbs – FT

US Set to Put China Chipmaker YMTC on Blacklist

Alfie Habershon

Alfie is a Reporter at Asia Financial. He previously lived in Mumbai reporting on India's economy and healthcare for data journalism initiative IndiaSpend, as well as having worked for London based Tortoise Media.

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