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Search resuls for: "Memory Technologies"


8 mentions found


☆ Apple freezes plan to use China's YMTC chips - Nikkei
  + stars: | 2022-10-17 | by ( ) www.reuters.com   time to read: 1 min
Oct 17 (Reuters) - Apple Inc (AAPL.O) has put on hold plans to use memory chips from China's Yangtze Memory Technologies Co (YMTC) in its products, the Nikkei reported on Monday, citing people familiar with the matter. Register now for FREE unlimited access to Reuters.com RegisterReporting by Jaiveer Singh Shekhawat in Bengaluru; Editing by Savio D'SouzaOur Standards: The Thomson Reuters Trust Principles.
☆ Xi's call to win tech race points to new wave of Chinese state-led spending
  + stars: | 2022-10-17 | by ( Josh Horwitz | ) www.reuters.com   time to read: +4 min
The term "technology" was referred to 40 times, up from 17 times in the report from the 2017 congress. Iris Pang, chief economist for Greater China at ING, said Xi's remarks addressed "the urgent need for talent and promoting self-sufficiency in technological advancement". "As such research spending on semiconductor technology should increase. On Monday, shares in Chinese information technology companies (.CSIINT) rose more than 1%, while semiconductor stocks (.CSIH30184) rose 0.7%. Venture capital (VC) has been allowed to invest in Chinese chip companies, with such firms receiving over $30 billion in VC cash between 2020-2021, according to Chinese investment research firm CVInfo.
☆ Analysis: China faces its "Sputnik" moment as US export curbs deal a blow to its chip ambitions
  + stars: | 2022-10-13 | by ( ) www.reuters.com   time to read: +6 min
The measures are set to undermine China's efforts to develop its own chip industry aimed at reducing its reliance on foreign-made chips. These are the questions," says Marco Mezger, a consultant in Taiwan who tracks the global memory chip sector. Washington is also scrambling to tackle unintended consequences of its new export curbs, people familiar with the matter said. Hours before the new restriction took effect, South Korea's SK Hynix (000660.KS) said it got U.S. authorization to receive goods for its chip production facilities in China without additional licensing imposed by the new rules. Yet business at toolmaking firms servicing Chinese customers has already slowed dramatically, leaving their staff with little work to do but creating an opening for Chinese equipment makers seeking to catch up with western rivals, sources said.
☆ U.S. Suppliers Halt Operations at Top Chinese Memory Chip Maker
  + stars: | 2022-10-12 | by ( Yoko Kubota | Raffaele Huang | ) www.wsj.com   time to read: 1 min
BEIJING–U.S. chip equipment suppliers are pulling out staff based at China’s leading memory chip maker and pausing business activities there, according to people familiar with the matter, as they rush to assess the impact of Commerce Department semiconductor export restrictions. State-owned Yangtze Memory Technologies Co. is facing a freeze in support from key suppliers including KLA and Lam Research the people said. The suspensions follow last week’s sweeping curbs imposed by the U.S. on China’s chip sector, ostensibly to prevent American technology from advancing China’s military power, though the impact might reach further into the industry.
☆ Exclusive: KLA to stop sales and service to China to comply with U.S. export curbs
  + stars: | 2022-10-11 | by ( Josh Horwitz | ) www.reuters.com   time to read: +4 min
The move underscores huge business headwinds facing chipmakers and chip equipment makers around the world, as the Biden administration published a sweeping set of export controls on Friday aimed at slowing China's progress in advanced chip manufacturing. The source added that the company would also cease supplying China chip plants owned by Intel (INTC.O) and SK Hynix, the world's second-largest memory chipmaker. SK Hynix reiterated its stance that it would seek a license under new U.S. export control rules for equipment to keep operating its factories in China. Another source at an overseas chip equipment company told Reuters that all of the major suppliers to fabs were working round-the-clock to assess the long-term impact of the regulations. Shares in KLA tumbled nearly 5% on Monday, hit by the latest U.S. export control measures.
☆ China tech shares sink as U.S. export curbs raise chip sector hurdles
  + stars: | 2022-10-10 | by ( ) www.reuters.com   time to read: +7 min
The most immediate impact is likely to be felt by Chinese chipmakers, they said. The new regulations will now pose major hurdles for the two Chinese memory chipmakers, analysts said. A steep decline in tech shares led China's market down on its first post-Golden Week holiday trading on Monday. An index measuring China's semiconductor firms (.CSIH30184) tumbled nearly 7%, and Shanghai's tech-focused board STAR Market (.STAR50) declined 4.5%. SMIC dropped 4%, chip equipment maker NAURA Technology Group Co (002371.SZ) sank 10% by the daily limit, and Hua Hong Semiconductor plunged 9.5%.
☆ U.S. adds China's YMTC and 30 other firms to 'unverified' trade list
  + stars: | 2022-10-07 | by ( Karen Freifeld Alexandra Alper | Karen Freifeld | Alexandra Alper | ) www.reuters.com   time to read: +3 min
Companies are added to the unverified list because the United States could not complete on-site visits to determine whether they can be trusted to receive sensitive technology exports from the United States. U.S. inspections of Chinese companies require the approval of China's commerce ministry. Under the Biden administration's new policy, if a government prevents U.S. officials from conducting site checks at companies placed the unverified list, Washington will start the process for adding them to the entity list after 60 days. The United States removed a unit of Wuxi Biologics, maker of ingredients for AstraZeneca's COVID-19 vaccine, from the unverified list. The company looks forward to scheduling an inspection of its Shanghai subsidiary, which also was placed on the unverified list in February, she added.
☆ Mizuho downgrades Micron, says increasing competition and macro headwinds will pressure the stock
  + stars: | 2022-09-21 | by ( Alex Harring | ) www.cnbc.com   time to read: +1 min
The coming months will be more challenging for the companies that make memory chips, Mizuho Securities said. Analyst Vijay Rakesh downgraded Micron Technology to neutral from buy under the expectation of slowing demand and increased competition. He also slashed his price target on the stock by 25% to $56 per share from $75 per share. Micron, in line with the industry, reported higher supply levels as demand for chips slides, Rakesh said. On top of that, the field of memory chip makers has become more crowded with the entrance of Yangtze Memory Technologies, which was founded in 2016.
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