Global Trade Alert
Global Trade Alert

China: YMTC receives CNY 12.9 billion in state aid through state-owned Circuit Industry Investment Fund

Announcement

02 Mar 2023

In March 2023, several news outlets consistently reported that Chinese semiconductor manufacturer Yangtze Memory Technologies Co (YMTC) received state aid worth CNY 12.9 billion from the state-owned National Integrated Circuit Industry Investment Fund.

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Number of interventions

1

1 certainly harmful

0 likely harmful

0 liberalising

List of interventions

1 in force

Implementation date

02 Mar 2023

Revocation date:

No revocation date

Capital injection and equity stakes (including bailouts) In force

On 2 March 2023, several news outlets consistently reported that Chinese semiconductor manufacturer Yangtze Memory Technologies Co (YMTC) is set to receive state support. Specifically, the company wil...

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