Yangtze Reminiscence Applied sciences Co. (YMTC) on Friday denied that it met with Chinese language authorities officers to debate the influence of U.S. sanctions in opposition to supercomputer and semiconductor industries. The corporate known as the knowledge false and rumors however neither confirmed nor denied the conferences occurred.
YMTC claims that it by no means participated in such closed-door conferences and the details about such participation damages its repute.
“The above remarks about our firm revealed by related media should not true,” YMTC stated in a assertion. “Within the face of rumors, YMTC has at all times insisted that the clearer will clear itself. Nevertheless, within the present state of affairs of main adjustments out there atmosphere and industrial atmosphere, the above-mentioned sinister and false statements is not going to solely injury the company picture of YMTC, but additionally have a critical detrimental influence on the semiconductor business atmosphere at residence and overseas.”
Bloomberg reported on Thursday that China’s Ministry of Trade and Data Know-how (MIIT) had summoned executives from the nation’s main semiconductor and supercomputing corporations, together with Sugon and YMTC, to debate the results of sweeping U.S. sanctions in opposition to Chinese language high-tech business on their companies. The company stated that the federal government promised to assist affected corporations financially however didn’t current any plans for the way the results of the sanctions that primarily bar China from the worldwide semiconductor provide chain might be relieved.
Whereas we can’t confirm whether or not the closed-door emergency conferences occurred and whether or not YMTC executives participated in them, we will make some guesses concerning the state of affairs primarily based on the publicly obtainable particulars.
YMTC is a subsidiary of government-controlled Tsinghua Unigroup, based in collaboration between Tsinghua Unigroup, Chinese language nationwide ‘Huge Fund’ aimed to develop the semiconductor business within the nation, and Hubei provincial authorities. Given YMTC’s shut ties with government-controlled organizations, the MIIT might maintain a gathering with executives of Tsinghua Unigroup, who might speak on behalf of its subsidiary to the federal government. Nevertheless, on this state of affairs, YMTC executives didn’t must take part in any conferences.
Whereas this assumption is sensible, YMTC would like to not be related to the Chinese language authorities (or somewhat with the Chinese language Communist Get together) in any means in the mean time. Though Yangtze Reminiscence should safe wafer fab gear from American corporations to maintain working, it can even have to acquire extra superior fab instruments to ramp up manufacturing of its next-generation 3D NAND reminiscence that includes the Xtacking 3.0 structure with ~200 layers and a 2400 MT/s interface pace.
In the meantime, to promote gear to YMTC, U.S.-based corporations like Utilized Supplies, KLA, and Lam Analysis might want to get an acceptable export license from the U.S. Division of Commerce, which is able to evaluate functions with the presumption of denial. To that finish, any publicity that associates YMTC with the Individuals’s Republic’s authorities (which implies CCP) is damaging for the corporate.
“YMTC a industrial firm that adheres to the idea of globalization, marketization and compliance operation,” the assertion from YMTC reads. “Since its institution, it has at all times adhered to the precept of authorized and compliant operation worldwide. Sooner or later, we can even adhere to the unique aspiration and cling to the precept, and actively search the trail of improvement below the present adjustments within the exterior atmosphere and state of affairs.”
In addition to refuting participation in closed-door conferences with authorities officers and stating that it’s a industrial firm that adheres to rules of globalization, YMTC additionally threatened to take authorized motion in opposition to publications, journalists, organizations, and people who reported, re-reported, or forwarded the unique Bloomberg story.