More U.S. Pressure Coming on YMTC – Will American Allies Join In?

YMTC is firmly in the crosshairs of both the executive and legislative branches of the U.S. government. Will the desire to stop one of the world’s most dangerous companies go international? Ever since the Biden Administration unleashed a new round of export controls targeting the Chinese semiconductor chip industry on October 7, Chinese firms have been buckling under the weight of the new restrictions. For example, the South China Morning Post reports that “China’s chip output in October reached 22.5 billion units, down 26.7 per cent from a year ago and the largest single-month decrease on record.” More actions from the executive branch seem likely. This week, Bureau of Industry and Security Assistant Secretary Matthew Axelrod is quoted by Reuters… Read More