
By Greg Gao
(JW Insights) Mar 2 -- China’s National Integrated Circuit Industry Investment Fund, or Big Fund, took a stake in the country’s leading memory chip maker, Yangtze Memory Technologies Corp(YMTC), with an investment of RMB 12.9 billion(about $1.87 billion), according to a government website that discloses company registration information.
The capital injection from the second phase of the Big Fund, as China’s signature state-owned investment vehicle in the semiconductor field, amounts to RMB12,886,734,904, and the date of contribution is January 31, 2023, information from the website shows.
At the same time, the website shows that YMTC underwent a number of industrial and commercial registration information changes on 27 February 2023, including business scope, investors, registered capital, and articles of incorporation.
YMTC’s related executives said in response that they had not received information about the changes, according to a Shanghai-based finance media.
Established in Wuhan, central China’s Hubei Province, in July 2016, YMTC is an IDM semiconductor company focusing on the design and manufacturing of 3D NAND flash memory with complete memory solutions. The company’s products and solutions also include embedded memory solutions, and consumer and enterprise SSDs, which are widely used in mobile devices, consumer electronics, computers, servers, and data centers.
The company is one of a handful of domestic chipmakers in China that compete with South Korean giants Samsung Electronics, SK Hynix and US giant Micron in memory chips for a multitude of applications. The firm was short listed by Apple as a memory chip supplier to its iPhone 14 and dropped it after US placed export control on it last year, according to media reports.
RELATED
-
Chinese government's IC Fund adjusts its portfolio and moves on to support more equipment and materials makers
03-31 16:27 -
JW Insights: Chinese smartphone supply chain companies invest more in automotive, consumer, and industrial sectors and prefer Vietnam as production bases
03-31 16:26 -
Chinese packaging supplier WLCSP plans to buy another 6.61% shares of the Dutch company Anteryon
03-29 14:16
READ MOST
-
ijiweiTalk Ep 244: China Cracked Quantum Encryption? END GAME of password!
1.4w03-14 13:56 -
Bosch receives construction permit for its $1 billion EV parts plant in eastern China's Suzhou
1.1w03-24 17:04 -
Twenty+ renowned industry experts confirm to attend and address 2023 Global Semiconductor Industry Strategy Summit from April 7th to 8th in Macau
1.1w03-23 18:09 -
Reuters: Nvidia modifies its flagship chip to circumvent US chip ban and export it to China
1w03-23 18:09 -
China’s national semiconductor Big Fund injects $1.87 billion into the country’s top memory chipmaker YMTC with a stake in it
966503-02 21:33