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Yangtze River Storage Technology Said Not to Be in Negotiations With Micron

Following rumors
This is a Press Release edited by on 2016.11.21

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In response to media reports about the talks between Yangtze River Storage Technology (YMTC) and Micron Technology, Inc. on technology licensing and collaboration, YMTC made the following statement:

Up to now, YMTC has never held negotiations with Micron Technology on any topic. Mr. Ding Wenwu, vice chairman of YMTC, has never made any comment or released any information on this.

Read also this article from Forbes:
How China's New $2.8 Billion Chip Maker Will Affect The Global Semiconductor Industry
Under the government's direction, Tsinghua Unigroup, China's largest chip designer, acquired a majority stake in XMC, one of China's leading chip makers and backed by the national semiconductor fund, the Wall Street Journal reported. A new holding company was created for XMC called Yangtze River Storage Technology, which has a registered capital of 18.9 billion yuan ($2.8 billion).