Chinese NAND flash maker YMTC has recently suffered from double pressure from tough market conditions and US sanctions. The company is secretive, but rumors and industry reports suggest that YMTC is laying off. as much as 10% of that staff Removal from company housingcut equipment orders and cancel or postpone plans for its Wuhan factory.
As Description of ComputerBasethe storage industry has been in rough shape lately, with the DRAM and NAND markets slowing down with declining demand after very high demand during the worst of the pandemic. , making it much more difficult for a government-backed company based in mainland China to do business.
The situation seems very dire for those affected by the layoffs. Calxin and register Affected employees have reported being evicted from company-subsidized apartments.of South China Morning Post report A former worker said on Chinese social media app Zhihu that the YMTC demanded more than 400,000 yuan (about $59,000) to repay his subsidized apartment. He said the layoffs affected “almost every department.”
The DRAM and NAND crisis hit storage manufacturers in many ways. Samsung hasn’t done much, but ComputerBase suggests that Micron and SK Hynix are looking to fix the ship by making major changes to their capital spending. Perhaps on the bright side, the PC builder has achieved incredible sales with the best of his SSDs.
Last December, analyst firm TrendForce reported that YMTC had not been able to manufacture 3D NAND in a competitive manner for several years after being added to the entity list, and the company had a hard time getting wafer fab equipment. I suggested that I would have a hard time. A tool from a US-based manufacturer that could further hamper its growth. YMTC’s inclusion on the Entity List also means that companies outside China may choose not to work with YMTC for fear of being associated with blacklisted companies. increase.
Additionally, SCMP reports that YMTC has canceled 70% of orders from Naura Technology Group, a Chinese company that makes etching, cleaning, and other chemical tools for wafer fabrication, according to anonymous sources. increase.
YMTC has long been viewed as China’s attempt to compete with global players such as Samsung, Kioxia and SK Hynix in the NAND market, but strong headwinds make it clear that the dream will soon become a reality. is not.
