Market Chatter: Yangtze Memory Technologies to Establish Two Additional Factories Amid US Crackdown on Exports to China
Yangtze Memory Technologies (YMTC) is looking to establish two more production facilities in addition to one slated for completion in 2026, Reuters reported Tuesday, citing people familiar with the plans.The three new factories will help the company produce 100,000 wafers each per month when fully operational, the report said, citing the sources.At present, the company's two fabs can produce a combined 200,000 wafers per month, the report said.YMTC is China's largest maker of NAND flash memory chips for data storage in smartphones and computers, according to Reuters.The additional production facilities come as China is looking to wean itself off foreign technologies, including semiconductors, Reuters reported.U.S. officials have been looking to limit exports of semiconductor manufacturing tools to China, according to the newswire.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)