Tech war: chairman of YMTC, China’s top memory chip maker, warns of ‘turbulence and disorder’ in semiconductor sector amid geopolitical tensions
YMTC chairman Chen Nanxiang said ‘significant uncertainties’ lie ahead, as the chip industry’s industrial harmony and balance have been disruptedAs head of China’s top memory chip maker, Chen offered a first-hand impression of his industry’s business prospects amid US-led trade sanctionsSemiconductorsLilian ZhangPublished: 8:12pm, 29 Jun, 2023Why you can trust SCMP
In his 20-minute speech, Chen expressed his disappointment at how the chip industry has become more about “controlling the value chain, reducing risks and inhibiting the development of other countries”, which has upset industrial harmony and balance across the sector.
The YMTC chairman, without elaborating on the challenges confronting his company, indicated that “turbulence and disorder” are now the new norm in the semiconductor industry, following a half-century of vigorous growth.
The speech by Chen offered a first-hand impression from the head of a major Chinese semiconductor enterprise about the current business prospects in the industry amid US-led trade sanctions, which have derailed the mainland’s chip self-sufficiency efforts and its standing in global supply chains.