ymtc, which is a memory chip maker based in wuhan, is one of the very few success stories in china, so the government is very much aware of that. but i think the one thing that they re going to focus on is talent. because if you look at the export controls, one of the very damaging part is that it also bans us persons from supporting china s advanced chip making. and if you look at the executive of china s semiconductor companies, a lot of them hold american passports. they are trained in the us and they ve got green cards, or whatever. so that is really a big problem for china. and that s why you hear
some of the consumer demand. as a memory chip maker, you really have a first hand pulse of the entire industry and the demand for consumer products. you ve mentioned it already. what s your sense of the current economic conditions for the next year? 0ur memory industry currently is experiencing inventory adjustments by our customers in various end markets, and that has resulted in a reduction in demand to the suppliers of memories. we have taken decisive actions in terms of reducing our capex, in terms of reducing the supply growth, as well as increasing underutilisation in the current fabs. these actions over time will help us to bring supply and demand in balance. so yes, the near term is challenged by the inventory adjustments, but we have confidence in the longer term
electronics buying, and resulted in some of the demand reduction. of course, you know, consumers, when they have to worry about energy, food, and of course, post covid, some of the travel aspects, basically reallocation of consumer spend away from electronics toward food, energy and other factors. so these are some of the factors that have impacted some of the consumer demand. as a memory chip maker, you really have a first hand pulse of the entire industry and the demand for consumer products. you ve mentioned it already. what s your sense of the current economic conditions for the next year? 0ur memory industry currently is experiencing inventory adjustments by our customers in various end markets, and that has resulted in a reduction in demand to the suppliers of memories. we have taken decisive actions in terms of reducing our capex, in terms of reducing the supply growth, as well as increasing
that the government has thrown a lot of money into this sector, and they re also cognizant of that this is very capital intensive and the success rate is actually pretty low. if you look at the development of the chinese semiconductor industry in the past ten years, ymtc, which is a memory chip maker based in wuhan, is one of the very few success stories in china, so the government is very much aware of that. but i think the one thing that they re going to focus on is talent. because if you look at the export controls, one of the very damaging part is that it also bans us persons from supporting china s advanced chip making. and if you look at the executive of china s semiconductor companies,
is actually pretty low. if you look at the development of the chinese semiconductor industry in the past ten years, ymtc, which is a memory chip maker, is one of the very few success stories in china. so the government is very much aware of that. but i think there s one thing that sort of they re going to focus on is talent. because if you look at the export controls, one of the very damaging part is that it also bans us persons from supporting china s advanced chip making. and if you look at the executive of china s semiconductor companies, a lot of them oppose american passport. they are trained in the us and they got green cards or whatever.