There were some rumors related to YMTC and the U.S. trade restriction list and Here was YMTC‘s response below.

On July 13, 2021, Yangtze Memory Technologies Co., Ltd. (“YMTC”) was made aware of recent news and information published by several internet media outlets related to YMTC and the U.S. trade restriction list.

In response, YMTC provides the following official statements:

1. Since its inception, YMTC has always complied with all applicable laws and regulations of the jurisdictions in which YMTC conducts its business activities;

2. YMTC provides products and services exclusively for commercial and civil usage only;

3. YMTC complies with WTO Fair Trade rules, focuses on independent technology development and fully respects 3rd parties’ intellectual property rights;

4. Following the above principles, YMTC’s production and business are operating regularly and uninterrupted.