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    YMTC Denies Pentagon Claims, Refutes Chinese Military Tech Supply | FinOracle

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    YMTC Denies Pentagon Claims, Refutes Chinese Military Tech Supply | FinOracle

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YMTC Denies Pentagon Claims, Refutes Chinese Military Tech Supply

YMTC denies accusations of supplying military technology and faces challenges amid blacklisting and global customer concerns. Pentagon's concerns add pressure, but impact on YMTC's US business activities remains limited. YMTC aims to distance itself from military activities.

by Lilu Anderson
Sun, Feb 4, 2024 11:44pm
in Technology
• 3 mins read
14.8k
YMTC Denies Pentagon Claims, Refutes Chinese Military Tech Supply | FinOracle

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YMTC denies supplying technology for military use amid accusations

China’s champion 3D NAND producer, Yangtze Memory (YMTC), has strongly denied accusations from the Pentagon that it is a “military company” with potential risks to U.S. national security. In a statement published by Reuters, YMTC asserted that it has not supplied, nor been directed by any entity, to supply its technology for military use. This comes as the company’s 3D NAND technology, which offers top-speed data transfer speeds, positions it as a global leader in the industry.

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