BEIJING -- Yangtze Memory Technologies has broken ground on a new factory toward tripling its output capacity to 300,000 wafer equivalents a month, as part of China's push to curb its dependence on American semiconductors.
The major Chinese chipmaker held a ceremony to kick off construction in Wuhan, where its headquarters are located. Yin Yong, the party secretary of Hubei Province and a close aide to Chinese President Xi Jinping, attended, as did Hubei Province Gov. Wang Xiaodong.
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