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China’s YMTC asks core US employees to leave due to chip export restrictions, according to FT
It was unclear how many US citizens and green card holders would be forced to leave YMTC, Financial Times reported, quoting four people close to the company. — Reuters pic

NEW YORK, Oct 24 — Chinese chip maker Yangtze Memory Technologies Co (YMTC) Ltd has asked its US employees in core tech positions to leave, as the company rushes to comply with the new US export restrictions, Financial Times reported today.

It was unclear how many US citizens and green card holders would be forced to leave YMTC, Financial Times reported, quoting four people close to the company.

The paper said several employees in China had already left the company. — Reuters

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