Beijing sees its hopes of technological catch-up threatened by American sanctions

Posted Jan 30, 2023, 12:34 PMUpdated on Jan 30, 2023 at 7:04 p.m.

It represented China’s hope for a domestic source of flash memory. Renowned multinationals like Apple were beginning to take an interest in him. But the manufacturer YMTC may never recover from the American decision taken on December 15. That day, Yangtze Memory Technologies Co was placed on the Entity List by the US Department of Commerce, along with 35 other Chinese companies. This measure prohibits US companies from doing business with any entities on this blacklist without first obtaining a license from the Department of Commerce. A sanction that amounts to a strict embargo like the one that has hit the Chinese telecom giant Huawei since 2019.