News Snapshot:
The Chinese Tsinghua Unigroup is countering restructuring due to excessive debt. The group owes the equivalent of a good 26 billion euros to investors and partners, but only has funds to the value of just under 7 billion euros. This affects China’s plan to build an independent semiconductor industry by 2025 (“Made in China 2025”): Yangtze Memory Technologies Co., Ltd. belongs to Tsinghua Unigroup. (YMTC), the only Chinese memory manufacturer of modern NAND flash devices. The company recently started the production of QLC chips (Quadruple Level Cells, 4 bits per cell) with 128 storage layers for SSDs, which should be...
