Yangtze Memory CEO reportedly leaving post
Chinese flash memory maker Yangtze Memory Technology Corp. (YMTC) will replace its CEO Simon Yang, according to a Digitimes report, referencing unnamed sources.
Yang is living for “personal reasons” the Digitimes report said.
YMTC is owned by troubled conglomerate Tsinghua Unigroup, which has been through a difficult restructuring and subsequently been a focus of a number of arrests (see Another China ‘Big Fund’ executive is detained).
There is no indication that Yang is being investigated or is associated with any previous investigations or arrests.
Indeed, YMTC is one of the most successful of China’s memory companies having managed to develop competitive 3D-NAND flash memory. YMTC has been on the brink of being able to sell its memories into iPhones although Apple has reportedly been warned not to add YMTC to its supplier list.
Yang a great deal of semiconductor experience. Appointments before joining YMTC in 2016 include: CEO of XMC, COO/CTO of SMIC, and CTO of Chartered Semiconductor in charge of fab operation and technical R&D. Before that, he was with Intel for ten years in the Portland technology development center.
In 2020 YMTC introduced a 128-Layer 3D-NAND non-volatile memory – the X2-6070 – with four-bits per cell (QLC) and a total capacity of 1.33Tbits. In August 2022
In August YMTC announced a 232-layer NAND which, if manufacturable in volume, would put YMTC in the lead in 3D-NAND flash
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News articles:
China’s YMTC takes lead in 3D-NAND memory
Another China ‘Big Fund’ executive is detained
Tsinghua Unigroup buy-out keeps chip firms alive
Tsinghua Unigroup creditors call for restructure
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