China-based DRAM Maker Fujian Jinhua Closing Shop in March Following US Trade Ban in October
Set up in thoughts that myth we introduced you concerning the US executive, by its Department of Commerce, banning all exports from nationwide corporations to China-primarily based totally Fujian Jinhua Integrated Circuits Ltd? Well, rapid-forward three months, and the Monetary Times is reporting, citing two sources almost about the matter, that the ban has been too grand for the firm to purchase, limiting its potential to import wished parts and tools for its DRAM manufacturing. Here’s tricky news for a firm that became once investing in the direction of ending increase of a $5.7 billion manufacturing facility in China’s Fujian Province.
If the Monetary Times is magnificent, here is one probably player in the DRAM market that goes out the proverbial window. The usual reasons given by the Department of Commerce for the export ban referred to the firm being supported by “seemingly U.S.-origin technology”, reportedly of Micron origin. Well, now it appears as if it is no longer always being supported in any recognize.