Chinese chipmaker Yangtze Memory Technologies Corp has asked American employees in core tech positions to leave, as it rushes to comply with new US export controls that are disrupting the country’s chip industry.
Four people close to the company said it was unclear how many US citizens and green card holders would be forced to leave YMTC, but that several in China had already left the memory chip producer.
A senior YMTC engineer said some of the Americans were key to the company’s breakthroughs on Nand memory chip production. “But there’s no other way around [them leaving],” the person added.
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