China chipmaker YMTC warns of 'turmoil and disarray' for industry

Chairman urges suppliers to treat his company 'fairly' as political tensions rise

20230629 YMTC

YMTC Chairman Chen Nanxiang says competition, innovation, the free flow of talent and resource allocations -- what he calls the core values of globalization -- have been disrupted. (Source photo by Reuters and logo from YMTC's website)

CHENG TING-FANG and SHUSUKE TABETA, Nikkei staff writers

TAIPEI/SHANGHAI -- The global semiconductor industry is heading into an era of "turmoil and disarray" due to geopolitical tensions, the chairman of China's leading memory maker, Yangtze Memory Technologies (YMTC), said on Thursday.

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