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Chinese beverage firm Yangyuan injects over $219m into memory chip maker YMTC

Chinese beverage firm Yangyuan injects over $219m into memory chip maker YMTC

FILE PHOTO: Semiconductor chips are seen on a circuit board of a computer in this illustration picture taken February 25, 2022. REUTERS/Florence Lo/Illustration/File Photo

Shanghai-listed vegetable and walnut beverages maker Hebei Yangyuan ZhiHui Beverage said that it would invest 1.6 billion yuan ($219.5 million) for a 0.99% stake in top memory chipmaker Yangtze Memory Technologies Corp (YMTC). 

Edited by: Padma Priya

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