Chinese chip maker fires all American workers: Report

The Chinese chipmaker has asked all of its American employees in technical positions to leave as the company struggles to comply with new US export controls, according to a new report.

An initiative of Yangtze Memory Technologies Co. (YMTC) follows Apple’s decision to withdraw plans to use memory chips, following Washington’s imposition of stricter export controls.

Semiconductor chips

Semiconductor chips appear on a computer circuit board.

A person close to the matter told the Financial Times that asking employees to resign “is important to the company and the right movement of workers’ risks.”

It is unclear how many US citizens and green card holders will be forced to leave. People close to the company told The Times newspaper that a number of workers have already left the country.

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TWO CHINESE SPIES ARE FACED ON SUSPICION OF OBSTRUCTING AN INVESTIGATION INTO HUAWEI.

The US Commerce Department said earlier this month it was tightening export controls to limit China’s ability to acquire advanced computer chips, develop and maintain supercomputers, and manufacture advanced semiconductors.

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The department said its revised export controls focus on these areas because China can use chips, supercomputers and semiconductors to build advanced military systems — including weapons of mass destruction — that commit human rights abuses and improve the speed and accuracy of military decision-making. , planning and organizing.

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The Commerce Department, which has consulted closely with partners in its regulatory efforts, said the revisions are part of ongoing efforts to protect America’s national security and foreign policy interests.

“The threat situation is constantly changing, and we are reviewing our policies today to make sure that we address the challenges presented by (China) while continuing our communication and engagement with our allies and partners,” Under the Secretary of Commerce, Industry and Security. Alan Estevez said in a statement.

Tensions have been rising between the US and China over technology and security. Last month the Chinese government asked Washington to scrap its technology export measures after California chip designer Nvidia said new products could be delayed and some work could be shifted from China.

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Washington has tightened controls and urged its allies to limit Chinese access to its most advanced chips and development tools. China is spending a lot of money to develop its emerging manufacturers but so far it has not been able to make the high-quality chips used in the most advanced smartphones and other devices.

The Associated Press contributed to this report.

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