Chinese chip maker fires all American workers: Report

A Chinese chip maker has asked all of its American employees in key technology positions to leave as the company struggles to secure new export rights to the United States, according to a new report.

Yangtze Memory Technologies Co.’s move. (YMTC) follows Apple’s decision to cancel plans to use its memory chips, after Washington imposed export controls.

Semiconductor chips

Semiconductor chips are found on a computer’s circuit board.

A person close to the matter told the Financial Times that asking the workers to resign “was the right thing for the company and the right move for the workers’ problem.”

It is still unclear how many US citizens and green card holders will be forced to leave. People close to the company told The Times that many employees have already left the country.

Also Read :  Toyota cuts output target amid chip crunch as profit tumbles 25%

Two Chinese spies were accused of allegedly obstructing our investigation into HUAWEI.

The U.S. Commerce Department said earlier this month it was tightening export controls to limit China’s ability to obtain advanced computer chips, develop and maintain supercomputers, and manufacture advanced semiconductors.


The agency said its new export controls target these areas because China can use chips, supercomputers and semiconductors to build advanced military systems — including anti-personnel weapons — violate human rights and improve the speed and accuracy of its decision-making. , planning and logic.

Also Read :  Autostraddle, One of the Internet's Most Beloved Queer Websites, Is Fundraising for Survival

The Commerce Department, which has been talking to neighbors and friends about its administration, said the reforms are part of ongoing efforts to protect national security and foreign policy.

“The threat environment is constantly changing, and we are updating our policies today to make sure we are meeting (China’s) challenges as we continue to reach out and work with friends and colleagues,” under the Secretary of Commerce for Industry and Security. Alan Estevez said in a statement.

Tensions between the US and China have increased over technology and security. Last month, the Chinese government asked Washington to lift its technology export ban after California chip maker Nvidia said it might delay a new product and move some jobs out of China. .

Also Read :  Zaid Kahn from Microsoft joins the Internet Ecosystem Innovation Committee (IEIC) Board

Click here to download the FOX BUSINESS APP

Washington has tightened controls and asked allies to limit Chinese access to the most advanced chips and equipment it develops on its own. China spends a lot of money to develop its new manufacturers but currently cannot make the high-end chips used in smartphones and other devices.

The Associated Press contributed to this report.


Leave a Reply

Your email address will not be published.

Related Articles

Back to top button