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YMTC keeps spending spree to catch up with Korea-based competitors amid US sanctions

Jingyue Hsiao, DIGITIMES Asia, Taipei Friday 3 November 2023 0

Credit: AFP

Yangtze Memory Technologies Corp (YMTC), a major China-based NAND manufacturer, reportedly raised billions of dollars to support its expansion after the company shipped the 232-layer 3D NAND chip despite US sanctions.

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