China's YMTC Makes Strides in Chip Production; Substitutes ASML, Lam Research Tech As US Sanctions Bite: Report - Alibaba Gr Hldgs ( NYSE:BABA ) , ASML Holding ( NASDAQ:ASML )
China's Yangtze Memory Technologies Co accomplished some breakthroughs in substituting ASML Holding NV ASML and Lam Research Corporation LRCX chipmaking technology with domestic alternatives as U.S. sanctions take a toll on China's artificial intelligence ambitions, Bloomberg cites TechInsights.
https://www.benzinga.com/government/24/09/40923879/chinas-ymtc-makes-strides-in-chip-production-substitutes-asml-lam-research-tech-as-us-sanctions-bite