YMTC Chairman of Chinese Semiconductor Company: "Semiconductor Industry Globalization Is Being Threatened"

Last Year Listed on the U.S. Export Blacklist

Chen Nanshang, chairman of YMTC (Yangtze Memory Technologies), China's largest memory semiconductor company, stated that "the globalization of the semiconductor industry is under threat."

According to major foreign media on the 29th (local time), Chairman Chen made this remark during his opening speech at the 'Semicon China Conference' held in Shanghai. He explained that concerns over geopolitics and national security in some countries are threatening the globalization of the global semiconductor industry, which is currently in a turbulent period.

China YMTC Semiconductor Factory
Photo by Yonhap News

Chairman Chen further expressed significant doubts about the existing global semiconductor industry's forecast to achieve $1 trillion (approximately 1,317 trillion KRW) in sales by 2030 due to these issues.

Previously, in October last year, the United States announced measures that effectively banned the export of advanced semiconductor equipment to China. Then, in December of the same year, 36 Chinese companies, including YMTC, were placed on the export blacklist.

YMTC was established in 2016 in Wuhan, Hubei Province, with support from the Chinese government and was regarded as a beacon of the "Chinese semiconductor rise." In response to the setbacks caused by the U.S. sanctions, Chinese authorities provided YMTC with funding of $1.9 billion (approximately 2.5 trillion KRW) in March this year as a countermeasure.

This content was produced with the assistance of AI translation services.