in a rather precarious position. The election of Chen Nanxiang, chairman of Yangtze Memory Technologies Corp , as the new head of the China Semiconductor Industry Association comes at a crucial time when US sanctions have further tightened their grip on the industry.Chen, who was elected in Wuhan where YMTC is based, laid out a plan that focuses on unity and consensus within the industry. His leadership couldn’t be timelier.
Although YMTC recently got hit with a spot on the US trade blacklist, this new leadership role for Chen could mean more emphasis on domestic partnerships. as the trade sanctions continue to pinchFoxconn under fire: Urgent probe in China raises alarms ahead of Taiwan ElectionsFormer ASML Employee Joins Huawei: What This Means for Global Chip Technology
Source: News Formal (newsformal.com)
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