Chinese Chipmaker Asks Suppliers to Buy Back Banned Gear
- YMTC is barred from securing the latest US chipmaking tech
- The firm says breakdown of globalization may create oversupply
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Global chipmaking gear makers should treat Yangtze Memory Technologies Co. with fairness and buy back equipment which the US-sanctioned Chinese memory chipmaker is barred from using, a senior company executive said.
“Machine suppliers should buy back the equipment and components we have purchased legally if we can’t use them,” Yangtze Memory chairman and acting Chief Executive Officer Chen Nanxiang said in a defiant speech at an industry event in Shanghai on Thursday.