Yangtze Memory Technologies Co., Ltd. has been officially established.

On July 26, 2016, Yangtze Memory Technologies Co., Ltd. (hereinafter referred to as YMTC) was officially established. The company’s registered capital was contributed in two phases. The first phase was jointly funded by the National Integrated Circuit Industry Investment Fund Co., Ltd., Hubei Guoxin Industry Investment Fund Partnership (Limited Partnership), and Hubei Provincial Science and Technology Investment Group Co., Ltd. YMTC was established on the basis of Wuhan Xinxin Integrated Circuit Manufacturing Co., Ltd. (hereinafter referred to as Wuhan Xinxin). Zhao Weiguo serves as Chairman of the Board of YMTC, Ding Wenwu and Yang Daohong serve as Vice Chairmen, Wang Jizeng serves as Supervisor, and Yang Shining serves as General Manager. Wuhan Xinxin will be a subsidiary of YMTC.

On July 26, 2016, Yangtze Memory Technologies Co., Ltd. (hereinafter referred to as YMTC) was officially established. The company’s registered capital will be contributed in two phases. In the first phase, the capital was jointly invested by the China Integrated Circuit Industry Investment Fund Co., Ltd., Hubei Guoxin Industry Investment Fund Partnership (Limited Partnership), and Hubei Provincial Science and Technology Investment Group Co., Ltd. YMTC was established on the basis of Wuhan Xinxin Integrated Circuit Manufacturing Co., Ltd. (hereinafter referred to as Wuhan Xinxin). Zhao Weiguo serves as Chairman of the Board of YMTC, Ding Wenwu and Yang Daohong serve as Vice Chairmen, Wang Jizeng serves as Supervisor, and Yang Shining serves as General Manager. Wuhan Xinxin will become a wholly-owned subsidiary of YMTC. The second phase of capital contribution will be jointly made by Tsinghua Unigroup and the China Integrated Circuit Industry Investment Fund Co., Ltd.

Yangtze Memory Technologies will build upon Wuhan Xinxin’s existing R&D and manufacturing capabilities in advanced 12-inch integrated circuit technologies to further expand Wuhan Xinxin’s current IoT business portfolio and focus on developing large-scale memory products.

Chairman Zhao Weiguo said, “Changjiang Storage will have better internal corporate mechanisms, a larger funding platform, stronger execution capabilities, and a faster pace of development. Moreover, the company will continue to strengthen and expand Wuhan Xinxin along its established strategic path, deepen and reinforce its existing strategic partnerships, and as always, provide customers with the most competitive products and the best services.”

(The above announcement is authorized by Yangtze Memory Technologies Co., Ltd. and fully released by Wuhan Xinxin Integrated Circuit Manufacturing Co., Ltd.)

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