Latest news with #YMTC
Reuters
a day ago
- Business
- Reuters
Chinese chipmaker YMTC sues rival Micron in US over spyware claims
June 9 (Reuters) - Chinese memory chipmaker YMTC has sued Micron Technology (MU.O), opens new tab in federal court in Washington, accusing its U.S. rival of spreading false claims that YMTC's chips threaten U.S. national security. YMTC in a lawsuit filed, opens new tab on Friday said Micron and a public affairs firm called DCI Group 'published and widely disseminated a portfolio of falsehoods' suggesting the Chinese tech company installed 'spyware' on chips that are used in mobile phones. 'The campaign maliciously and falsely linked YMTC's standard commercial memory products to military espionage, criminal conduct, and technically impossible malicious capabilities,' YMTC said in its lawsuit, filed by prominent U.S. law firm Quinn Emanuel Urquhart & Sullivan. YMTC said the company's founding in China 'does not mean that it is a tool of the Communist Party or the Chinese military.' Idaho-based Micron on Monday declined to comment. DCI, which is based in Washington, did not immediately respond to requests for comment, and neither did attorneys for YMTC. The complaint said YMTC lost revenue and suffered reputational harm and accused Micron of violating federal false advertising and unfair competition laws. The Biden administration in 2024 added YMTC to a list created by the Defense Department to highlight firms it says are allegedly working with Beijing's military. YMTC has denied that its technology is for military use. In the new lawsuit, YMTC accused Micron of funding a website called 'China Tech Threat' that is already run by DCI. YMTC said the alleged advocacy 'far exceeded permissible bounds.' The company said it has suffered 'the loss of millions of dollars in sales to leading computer and consumer electronics manufacturers in the United States and abroad.' The lawsuit is seeking what it called 'corrective' advertising, unspecified monetary damages and disgorgement of profits from Micron. YMTC sued Micron in 2023 for alleged patent infringement. Micron filed counterclaims seeking a declaration that it is the rightful owner of the patents at issue in that lawsuit. The litigation there is ongoing. The case is Yangtze Memory Technologies Inc v. Micron Technology Inc and DCI Group AZ LLC, U.S. District Court for the District of Columbia, No. 1:25-cv-01795. For YMTC: Robert Schwartz and David Eiseman of Quinn Emanuel Urquhart & Sullivan For Micron: No appearance yet Read more: US considers more Chinese companies for 'entity list,' source says China chip maker YMTC says its tech not for military use after Pentagon list Chinese chipmaker YMTC sues Micron alleging patent infringement Biden blacklists China's YMTC, crackdowns on AI chip sector
Yahoo
22-05-2025
- Business
- Yahoo
ZHITAI, YMTC's Retail Storage Brand, Set for COMPUTEX Taipei 2025 Debut
Our product line, featuring SSDs, portable SSDs, and memory cards, comprehensively meets users' daily storage needs TAIPEI, May 22, 2025 /PRNewswire/ -- YMTC (Yangtze Memory Technologies Corp.), a memory solution provider headquartered in Wuhan, China, provides robust storage solutions for both consumer and enterprise applications. These solutions are widely adopted in diverse fields, including mobile communication, consumer electronics, computers, servers, and data centers. ZHITAI, YMTC's retail storage brand, is specifically designed for individual users and boasts an impressive product lineup that includes Solid State Drives (SSDs), Portable Solid State Drives (PSSDs), and memory cards. All products in the ZHITAI series leverage YMTC's original flash memory, built on the innovative Xtacking® architecture. This foundation allows ZHITAI to offer consumers high-performance, high-quality storage products and a wide array of versatile storage solutions. This year, ZHITAI is excited to present five of its flagship products at the COMPUTEX Taipei 2025 online exhibition. This debut aims to offer global users a new vision of cutting-edge storage possibilities. COMPUTEX Taipei stands as Asia's largest annual technology exhibition, a vital hub that brings together international technology exchanges, collaborations, and industry professionals. The event showcases forward-thinking technologies and innovative solutions from thousands of brands. With the grand opening of COMPUTEX Taipei 2025, all consumers are welcome to visit the official COMPUTEX website ( to explore ZHITAI's product information and discover the storage solutions that best suit their individual needs. Furthermore, ZHITAI products will soon be available for purchase in Taiwan. Stay tuned for the latest updates. Two Flagship ZHITAI SSDs: Delivering Comprehensive Upgrades in Capacity, Speed, and PerformanceAll ZHITAI SSD products proudly feature YMTC's exclusive Xtacking® architecture. The latest TiPro9000 SSD takes performance further, equipped with the newest generation Xtacking® 4.0 architecture flash memory, marking ZHITAI's first PCIe 5.0 SSD. This powerhouse drive includes a detachable heatsink and offers an impressive ultra-large capacity option of up to 4TB. This allows professional creators who require substantial storage space to overcome capacity anxiety and fully unleash their creativity. Moreover, the TiPro9000 SSD boasts sequential read speeds of up to 14,000MB/s and sequential write speeds of up to 12,500MB/s, enabling hardcore gamers to experience truly top-tier, smooth gameplay. Thanks to its outstanding design concept and excellent user experience, the TiPro9000 has earned the prestigious Red Dot Winner title at the Red Dot Design Award 2025, a globally recognized authority in industrial design, gaining it well-deserved international acclaim. Official Storage Partner for AAA Game: TiPlus7100 SSD "Black Myth: Wukong" Collaboration EditionAs game graphics have become increasingly sophisticated in recent years, high-performance SSDs are now crucial for gamers to fully enjoy smooth, lag-free gameplay. Reflecting this trend, since May 2024, ZHITAI, with its strong storage technology and diverse high-performance product ecosystem, has proudly served as the official designated storage partner for the AAA blockbuster game "Black Myth: Wukong." As part of this collaboration, ZHITAI has launched the TiPlus7100 SSD "Black Myth: Wukong" Collaboration Edition. This special edition features HMB (Host Memory Buffer) and intelligent SLC Cache technology, ensuring smooth game operation and seamless scene transitions. It is available in 1TB and 2TB capacity options. The co-branded SSD not only includes a limited-edition exclusive gaming ID card but also features striking heavy ink-style packaging that matches the game's unique art style, making it an unmissable collectible and practical high-performance product for gamers. About ZHITAIZHITAI is the retail storage brand of YMTC( covering SSDs, PSSDs and memory cards, all powered by YMTC's original cells based on the innovative Xtacking® architecture. ZHITAI is committed to a new attitude towards flash memory technology, providing consumers with high-performance, high-quality SSDs and diversified storage solutions. Since May 2024, ZHITAI has become the official storage partner of "Black Myth: Wukong." View original content to download multimedia: SOURCE Yangtze Memory Technologies Co., Ltd Sign in to access your portfolio
&w=3840&q=100)
Business Standard
18-05-2025
- Business
- Business Standard
Apple's AI ambitions in China provoke resistance from Trump administration
The Trump administration and congressional officials have raised concerns about a deal to put a Chinese firm's artificial intelligence on iPhones. Apple believes the success of the iPhone depends on the availability of new AI features. But tensions between Washington and Beijing may cripple the tech giant's plans to deliver AI in its second-most-important market, China. In recent months, the White House and congressional officials have been scrutinising Apple's plan to strike a deal with Alibaba to make the Chinese company's AI available on iPhones in China, three sources said. They are concerned that the deal would help a Chinese company improve its AI abilities, broaden the reach of Chinese chatbots with censorship limits and deepen Apple's exposure to Beijing laws over censorship and data sharing. The scrutiny is the latest example of the challenges that Apple has run into as it tries to sustain its businesses in the US and China. Three years ago, the US government succeeded in pressuring Apple to abandon a deal to buy memory chips from a Chinese supplier, YMTC. More recently, the firm has been challenged by US tariffs on Chinese-made products like the iPhone, threatening to cut into the company's profits. Walking away from an Alibaba deal would have far graver consequences for Apple's business in China, which accounts for almost a fifth of the its sales. The partnership with the Chinese tech company is critical to bringing AI features to iPhones in one of the world's most highly regulated and competitive markets. Without the Alibaba partnership, iPhones could fall behind Chinese rivals like Huawei and Xiaomi. Officials at the White House and the House Select Committee on China have raised the deal directly with Apple executives, the sources said. During meetings in US with Apple executives and lobbyists, government officials asked about terms of the deal, what data Apple would be sharing with Alibaba, and whether it would be signing any legal commitments with Chinese regulators. In the meeting with the House committee in March, Apple executives were unable to answer most of those questions. US concern about the deal has been heightened by a deepening conviction that AI will become a critical military tool. Worried about a future US-China conflict, Washington officials have tried to limit Beijing's access to AI technology, cutting off its ability to make and buy AI chips. Apple, the White House, and Alibaba did not comment. Apple hasn't publicly acknowledged the AI deal, but Alibaba's chairman, Joe Tsai, confirmed it publicly in February. If the deal with Alibaba collapses, there is also a potential knock-on effect because Alibaba is a major e-commerce retailer that could sell and market iPhones, said Richard Kramer, a senior analyst at Arete Research. US firms could also help Chinese AI providers reach more users and use the data they collect to improve their models. The risk would be that Baidu, Alibaba, ByteDance, and other Chinese firms could then use those improvements to help China's military.
South China Morning Post
27-04-2025
- Business
- South China Morning Post
Chinese memory chipmaker YMTC valued at US$22 billion after beverage company investment
Previously undisclosed financial information, including a valuation of 161 billion yuan (US$22.1 billion) and losses incurred last year, have been revealed in a filing by a new investor in Yangtze Memory Technologies Co (YMTC), China's leading flash memory chipmaker. Advertisement Hebei Yangyuan Zhihui Beverage Co has paid 1.6 billion yuan (US$219 million) to subscribe to YMTC's new registered capital, giving it a holding of 0.99 per cent, the beverage giant said in a filing to the Shanghai Stock Exchange on Friday. The investment, through Yangyuan's subsidiary Wuhu Wenming Quanhong Investment Management, gave YMTC a valuation of 161 billion yuan. The deal was signed in December 2023 but was only announced on Friday as it 'involved commercial secrets', Yangyuan said. The filing also disclosed some key financial figures for YMTC, including a loss of 84 million yuan in the first nine months of 2024, compared to a profit of 531 million yuan for the full year of 2023. Net assets amounted to 134.7 billion yuan at the end of last September, higher than 132.6 billion yuan at the end of 2023. YMTC's fourth-generation TLC 3D flash memory. Photo: Handout After the investment, Yangyuan has become the eighth biggest shareholder in YMTC, with the other seven being state-owned organisations, including Hubei Changsheng Development backed by the Hubei provincial government where YMTC is based, and Wuhan Xinfei Technology Investment, back by the China Integrated Circuit Industry Investment Fund, known as the Big Fund. The two institutions hold 26.9 per cent and 25.7 per cent of YMTC, respectively.
Yahoo
19-03-2025
- Business
- Yahoo
China's top memory chipmaker YMTC to raise prices, alongside US peers Micron, Sandisk
Yangtze Memory Technologies Co (YMTC) and other major memory chip manufacturers, including US peers Micron Technology and Sandisk, are expected to raise their prices next month amid the sector's reduced production and strong demand from the artificial intelligence (AI) market. These memory chipmakers have already informed their distributors, including those in mainland China, of the price increase, according to various industry publications. ZhiTai, a retail brand of solid-state drives (SSDs) and storage cards that use core memory from YMTC, already advised distributors that prices would rise at least 10 per cent from April, according to reports from TMTPost, ChinaFlashMarket and MyDrivers. Do you have questions about the biggest topics and trends from around the world? Get the answers with SCMP Knowledge, our new platform of curated content with explainers, FAQs, analyses and infographics brought to you by our award-winning team. Following flash storage giant Sandisk's announcement of a price hike "in excess of 10 per cent" from April 1, a report by Taiwan's Digitimes this week suggested that YMTC, Micron, Samsung Electronics and SK Hynix would follow suit. These initiatives indicate that NAND Flash memory prices are set to rebound this year. Micron, Samsung and SK Hynix had resumed memory chip production cuts in late 2024 to curb NAND price declines. That move helped stabilise supply-demand balance, according to a report by Taiwan's TechNews. Sandisk's price hike stems from the rise in costs owing to recent tariffs imposed by US President Donald Trump, as well as its confidence in market demand, according to TechNews, which cited an email from Sandisk chief revenue officer Jerald Kagele. Micron, the largest US maker of memory chips, had told its clients earlier this month that an average price increase of 11 per cent would be charged for new orders, according to Digitimes. A bird's-eye view of Micron Technology's headquarters and main production facility in Boise, Idaho. Photo: Shutterstock alt=A bird's-eye view of Micron Technology's headquarters and main production facility in Boise, Idaho. Photo: Shutterstock> YMTC, Micron and Sandisk did not immediately respond to a request for comment on Wednesday. Factors that contributed to the memory chip sector's price hike include output reduction and the rapid adoption of AI applications, which require massive use of these chips, according to Arisa Liu, research fellow and chief director of Taiwan Industry Economics Services. Liu said that suppliers of NAND Flash memory, used in storage cards and SSDs, cut production to stabilise prices "in response to the market downturn over a certain period". She added that incidents like a power outage at Micron's NAND Flash factory in Singapore in January contributed to the sector's limited output. "With the rapid development of AI applications, the demand for NAND Flash has increased significantly," she said. "Additionally, China's large-scale replacement and subsidy policies have led to a recovery in the demand for smartphones and personal computers, which also impacts the demand for NAND Flash." To stimulate domestic spending on electronic devices and home appliances, Beijing revamped its consumer products trade-in programme. A 15 per cent subsidy, for example, is provided for purchases of digital products - including smartphones, tablets and smartwatches - that cost under 6,000 yuan (US$830). South Korean memory chip giants Samsung and SK Hynix have also been upgrading old NAND Flash production lines since late last year. That also had an impact on reducing the memory chip sector's production volume, according to local media ETNews. Pua Khein-seng, inventor of the USB flash drive and chief executive of Taiwan-based Phison Electronics, revealed earlier this month at an industry meeting that Micron did not deliver enough goods to cover its December order, according to a report by TMTPost. This article originally appeared in the South China Morning Post (SCMP), the most authoritative voice reporting on China and Asia for more than a century. For more SCMP stories, please explore the SCMP app or visit the SCMP's Facebook and Twitter pages. Copyright © 2025 South China Morning Post Publishers Ltd. All rights reserved. Copyright (c) 2025. South China Morning Post Publishers Ltd. All rights reserved. Sign in to access your portfolio
