In response to reports that the company participated in a closed-door meeting between the Chinese Ministry of Industry and Information Technology and domestic semiconductor companies to assess the impact of the US restrictions on exporting chips to China, YMTC issued a statement on the evening of Thursday (October 20), solemnly stating that the above-mentioned reports are untrue. .
According to the announcement issued by YMTC, the company found that individual media published and disseminated through various channels "the Ministry of Industry and Information Technology and major domestic semiconductor companies held a series of emergency meetings over the past week, seeking to assess the impact of the Biden administration's restrictions on chips. damage, pledge support for this semiconductor industry” and spread false claims about the company’s participation in closed-door meetings.
The announcement stated that in the face of rumors, Changjiang Storage has always insisted on clearing itself. However, in the current situation where the market environment and industrial environment are undergoing major changes, the above-mentioned sinister and false remarks will not only damage the corporate image of YMTC, but will also have serious adverse effects on the semiconductor industry environment at home and abroad. In view of this, YMTC hereby makes a solemn statement.
According to the statement, the above-mentioned remarks about YMTC released by relevant media are not true. YMTC solemnly requires relevant media, platforms or individuals to immediately stop all ulterior motives fabrications and false rumors, delete and no longer reprint or spread false remarks and false reports that are inconsistent with the facts.
According to the statement, YMTC has taken evidence preservation measures for the above-mentioned false reports, and will always hold legal responsibility for media, journalists, and organizations or individuals who forward or assist in the dissemination of false reports at any time. right.
Chip companies warn China's Ministry of Industry and Information Technology: they can't survive!
The US government launched the latest chip restrictions on China two weeks ago, causing strong shocks in China. According to Bloomberg News, China’s Ministry of Industry and Information last week urgently convened an open-door meeting of important domestic semiconductor companies to assess the damage to China’s semiconductor industry caused by the U.S. ban and China’s response policies. Companies participating in the conference include Changjiang Storage and Sugon.
People familiar with the matter told Bloomberg that China's Ministry of Industry and Information Technology does not appear to be sure what policy response it will take, but at the same time emphasizes that the domestic information technology market can provide enough demand for related companies to maintain operations.
However, most of the participants agreed that the US ban will bring a huge blow to China's semiconductor industry, making it difficult to implement chip autonomy. One of China's most advanced chip companies, Yangtze Memory, has warned the Ministry of Industry and Information Technology that they are in crisis.
In addition, the domestic information technology start-up "Biren Technology" fell into trouble from a star enterprise within a few days. Biren once had a cooperation agreement with Taiwanese chip giant TSMC, which provided chips with a 7-nanometer process. But now TSMC has been forced to stop supplying the wall under the US ban.
