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CEO of Chinese chipmaker Yangtze Memory steps down

Company is key asset in Beijing's push for self-reliance in semiconductors

Simon Yang, then CEO of Yangtze Memory Technologies, speaks at the China Flash Market Summit in Shenzhen in 2018. (Photo by Cheng Ting-Fang)

TAIPEI -- The CEO of China's top memory chipmaker has stepped down, fueling uncertainty over a strategically important company that has sparked concerns among U.S. lawmakers over a potential deal with Apple.

Simon Yang was no longer chief executive of Yangtze Memory Technologies Co. (YMTC) as of the end of September, though he remains at the company, three people said.

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