Chinese Top Chipmaker Retaliates By Firing US Employees In Core Tech, Former CEO's Position Remain Undecided

Chinese chipmaker Yangtze Memory Technologies Corp ousted American employees in core tech positions following the U.S. embargo on China. Several U.S. citizens and green card holders in China had already left the memory chip producer, the Financial Times reported. Some Americans reportedly were key to YMTC's Nand memory chip production breakthroughs. Also Read: Taiwan Semiconductor Bears The Brunt Of US China Tensions, Slashes 2022 Budget By 10% Leading U.S. chip equipment suppliers Lam Research
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