US Chip Suppliers Pull Back From China’s Yangtze Memory After Biden Ban
- China’s leading memory chip maker put on US unverified list
- Chip equipment firms are recalling staff from Chinese fab
American suppliers are beginning to withdraw staff from one of China’s leading chip companies in the wake of new US regulations, a blow to Communist Party efforts to build a vibrant domestic technology industry.
Applied Materials Inc., KLA Corp. and Lam Research Corp. have started or are preparing to pull employees from Yangtze Memory Technologies Co., the country’s most advanced maker of memory chips, according to people familiar with the matter who asked not to be identified because the moves are private. The withdrawals are coming this week, the people said, following new regulations from the Biden administration last week that ban Chinese companies from buying advanced chip-making equipment or employing American citizens without a license.