China’s biggest memory chipmaker has had to raise billions of dollars in fresh capital, after burning through $7bn in funding over the past year trying to adapt to tough US restrictions on its business.
Yangtze Memory Technologies Corp, which last December was added to a trade blacklist and prohibited from procuring US equipment to manufacture chips, exceeded its target for a new round, according to four people familiar with the situation.
They could not confirm the exact figure raised, but said it was equivalent to billions of dollars.
您已阅读17%（540字），剩余83%（2714字）包含更多重要信息，订阅以继续探索完整内容，并享受更多专属服务。