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China's rising memory chip leader won't try to 'crash the market'

State-backed Yangtze Memory at vanguard of Made in China 2025 says 'We are no copycat'

Simon Yang, CEO of Yangtze Memory Technologies, said his company is an innovation- and profit-driven company. 

SHENZHEN -- The head of Yangtze Memory Technologies, China's answer to global memory chip leaders like Samsung Electronics and Toshiba, brushed off concerns Wednesday that his company's state-of-the-art plant slated to start production next year will upset the market's delicate supply and demand balance.

"We want to tell everyone that we are not here to crash the market, and we hope that the industry could be sustainable and healthy," CEO Simon Yang said at the China Flash Market Summit, a memory chip forum held here.

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