Chinese chipmaker YMTC plans new factories amid heightened US-Sino trade tensions, sources say

Chinese chipmaker Yangtze Memory Technologies (YMTC) aims to build two more factories in addition to one that will be completed this year, which will more than double its production capacity when all three are up and running, people familiar with the plans said.

China has been keen to wean itself from foreign technologies such as semiconductors – a critical sector that the U.S. has sought to limit Chinese advancements in. This month, a cross-party group of U.S. politicians proposed imposing further restrictions nL6N40M0EZ on exports of chipmaking tools to China.