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Sources: YMTC has had to raise billions of dollars in capital, after burning through $7B over the past year, as the Chinese chipmaker tries to adapt to US curbs (Financial Times)

02.11.2023

Financial Times:

Sources: YMTC has had to raise billions of dollars in capital, after burning through $7B over the past year, as the Chinese chipmaker tries to adapt to US curbs — Memory chipmaker was running out of cash after a year of combating Washington’s tighter controls